In North Carolina, which properties are exempt from the Property Disclosure Act?

Option A is incorrect because while foreclosures are exempt, they are not the only exempt properties. Selecting A alone would be incomplete as it ignores other valid exemptions like new construction never occupied.

Option B is incorrect because while new construction never occupied is exempt, it is not the only exempt category. Choosing B alone would overlook other valid exemptions such as foreclosures.

Option D is incorrect because there is no age-based exemption in North Carolina for properties over 100 years old. The age of a property alone does not qualify it for exemption from disclosure requirements.