A provisional broker in Wilmington is preparing an exam-prep note on Mineral and Oil and Gas disclosure timing, scope, and waiver limits. Which statement best applies under current North Carolina law?
Correct Answer
D) The MOG disclosure addresses whether rights were severed previously, severed by the seller, or intended to be severed before transfer.
The MOG disclosure addresses whether rights were severed previously, severed by the seller, or intended to be severed before transfer.
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Related Topics & Key Terms
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Related Concepts
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Mold disclosure involves informing buyers about the presence of mold or conditions that are conducive to mold growth in a property. While no federal mold disclosure law exists, many states require disclosure of known mold issues.
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