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Mandated DisclosuresRpoads_timing_scope_and_no_representationEASY

A training instructor in Cary is answering a client question about RPOADS timing, scope, and the "No Representation" choice. Which statement best applies under current North Carolina law?

Correct Answer

D) The statute contains exceptions, but brokers should not casually assume a transfer is exempt from Chapter 47E without checking the law.

The statute contains exceptions, but brokers should not casually assume a transfer is exempt from Chapter 47E without checking the law.

Answer Options
A
Brokers may ignore Chapter 47E whenever the property is sold 'as is.'
B
Every estate sale is always treated the same as a standard listed sale for disclosure timing.
C
Any sale by an investor is automatically exempt from RPOADS under current North Carolina rules
D
The statute contains exceptions, but brokers should not casually assume a transfer is exempt from Chapter 47E without checking the law.

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Related Topics & Key Terms

Key Terms:

47edifficulty_2exceptionsnc_residential_disclosure_requirementsnc_statenorth_carolinarpoads_timing_scope_and_no_representationscenario_traps_edge_cases_and_enforcementscope

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