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The document is a Residential Property and Owners’ Association Disclosure Statement required by North Carolina law for owners of residential real estate to provide to potential buyers. It outlines the obligations of property owners to disclose known issues regarding the property's condition, including structural, electrical, plumbing, and environmental concerns. The form must be completed accurately and provided to buyers before they make an offer, with specific instructions on how to respond to various questions about the property. Buyers are advised of their rights regarding contract cancellation if the disclosure is not provided timely.

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Versions	Form popularity	Fillable & printable
2021	4.8 Satisfied (136 Votes)
2018	4.1 Satisfied (33 Votes)
2014	4.4 Satisfied (51 Votes)
2013	4 Satisfied (27 Votes)
2011	4.3 Satisfied (52 Votes)

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What are the requirements for a disclosure statement?

An effective disclosure statement should do the following: Identify all relevant parties involved. Determine and state the purpose of the disclosure. Outline and provide the information that needs to be included in the disclosure.

What is a material fact that must be disclosed?

Examples of material facts that must be disclosed include structural problems with the house, soil problems, a leaking roof, unpermitted construction, neighborhood noise problems, and anything else that a buyer would deem to be important.

What is considered a material fact in NC real estate?

The four categories of material facts are: facts about the property itself; facts that relate directly to the property; facts directly affecting the principals ability to complete the transaction; and facts that are known to be of special importance to a party.

What is the NC residential property disclosure statement?

The Residential Property Disclosure Act, codified as North Carolina G.S. 47E, requires the seller of residential real estate (one to four dwelling units) to complete a formknown formally as the Residential Property and Owners Association Disclosure Statementdisclosing conditions and defects with the property.

Do you need a damage disclosure statement in NC?

If a new car has been damaged more than the five percent threshold, the North Carolina Automobile Dealers Association recommends that its dealers disclose it in writing on company letterhead. A copy of this disclosure should be submitted along with the title to the Division of Motor Vehicles.

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Which of the following is a material fact that a seller must disclose in North Carolina?

Under the RPDA, sellers in North Carolina are required to disclose a wide range of material facts about their property. This includes structural defects, malfunctioning systems (such as HVAC or plumbing), water damage, pest infestations, and any known environmental hazards like lead-based paint or radon gas.

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What are the requirements for a disclosure statement?

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What is considered a material fact in NC real estate?

What is the NC residential property disclosure statement?

Do you need a damage disclosure statement in NC?

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Which of the following is a material fact that a seller must disclose in North Carolina?

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