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Mandated DisclosuresRpoads_timing_scope_and_no_representationEASY

A transaction coordinator in Cary is sorting out a file issue involving RPOADS timing, scope, and the "No Representation" choice. Which statement best applies under current North Carolina law?

Correct Answer

A) If RPOADS is required, the safer exam answer is that it should be delivered before the buyer's first offer is presented rather than after the parties are already under contract.

If RPOADS is required, the safer exam answer is that it should be delivered before the buyer's first offer is presented rather than after the parties are already under contract.

Answer Options
A
If RPOADS is required, the safer exam answer is that it should be delivered before the buyer's first offer is presented rather than after the parties are already under contract.
B
A broker may present the buyer's first offer and collect RPOADS later without issue under current North Carolina rules
C
The buyer's attorney, not the seller, handles RPOADS timing under current North Carolina rules
D
RPOADS timing matters only if the seller answered 'Yes' to a defect question under current North Carolina rules

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Related Topics & Key Terms

Key Terms:

before_offerdifficulty_1nc_residential_disclosure_requirementsnc_statenorth_carolinarpoadsrpoads_timing_scope_and_no_representationtimingtiming_forms_exceptions_and_authority

Related Concepts

The Lead-Based Paint Disclosure is a federally mandated disclosure required for all residential properties built before 1978. Sellers and landlords must disclose known lead-based paint hazards and provide the EPA pamphlet "Protect Your Family From Lead in Your Home."

A material defect is a condition that significantly affects the value, desirability, or safety of a property and that would likely influence a reasonable buyer's decision to purchase or the price they would pay.

Megan's Law requires states to make information about registered sex offenders available to the public. Some states require real estate agents to inform buyers about the availability of sex offender registries.

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