ContractsMEDIUM
North Carolina's Mineral and Oil and Gas Rights Mandatory Disclosure requires:
Correct Answer
A) Sellers to disclose if mineral rights have been severed
North Carolina requires sellers to disclose whether mineral, oil, or gas rights have been severed from the property.
Answer Options
A
Sellers to disclose if mineral rights have been severedB
Buyers to hire a geologistC
Title insurance to cover mineral rightsD
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Related Topics & Key Terms
Related Topics:
mandatory-disclosures-real-estateproperty-rights-severancenorth-carolina-real-estate-regulations
Key Terms:
mineral rights severancesplit estateNCGS 47E-4(b)oil and gas disclosureNorth Carolina disclosure
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