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North Carolina's Mineral and Oil and Gas Rights Mandatory Disclosure requires:

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Question & Answer

Review the question and all answer choices

A

Sellers to disclose if mineral rights have been severed

Correct Answer
B

Buyers to hire a geologist

Buyers are not required to hire a geologist as part of North Carolina's mineral rights disclosure requirement. This would be an optional step for due diligence, not a mandated disclosure obligation under state law.

C

Title insurance to cover mineral rights

Title insurance typically covers ownership issues and certain encumbrances, but standard policies do not automatically cover mineral rights unless specifically endorsed. This is not a requirement of the disclosure law.

D

Environmental testing

Environmental testing may be prudent in certain situations, but it is not mandated by North Carolina's mineral rights disclosure requirement. This would be optional due diligence, not a legal obligation.

Why is this correct?

North Carolina requires sellers to disclose whether mineral, oil, or gas rights have been severed from the property.

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