North Carolina Statutes

Chapter 47E Residential Property Disclosure Act

  • § 47E-1   Applicability
    This Chapter applies to the following transfers of residential real property consisting of not less than one nor more than four dwelling units, whether or...
  • § 47E-2   Exemptions
    The following transfers are exempt from the provisions of this Chapter: (1) Transfers pursuant to court order, including transfers ordered by a court in administration...
  • § 47E-3   Definitions
    When used in this Chapter, unless the context requires otherwise, the term: (1) "Owner" means each person having a recorded present or future interest in...
  • § 47E-4   Required disclosures
    (a) With regard to transfers described in G.S. 47E‑1, the owner of the real property shall furnish to a purchaser a residential property disclosure statement....
  • § 47E-5   Time for disclosure; cancellation of contract
    (a) The owner of real property subject to this Chapter shall deliver to the purchaser the disclosure statement required by this Chapter no later than...
  • § 47E-6   Owner liability for disclosure of information provided by others
    The owner may discharge the duty to disclose imposed by this Chapter by providing a written report attached to the residential property disclosure statement by...
  • § 47E-7   Change in circumstances
    If, subsequent to the owner's delivery of a residential property disclosure statement to a purchaser, the owner discovers a material inaccuracy in the disclosure statement,...
  • § 47E-8   Agent's duty
    A real estate broker or salesman acting as an agent in a residential real estate transaction has the duty to inform each of the clients...
  • § 47E-9   Rights and duties under Chapter 42, landlord and tenant, not affected during lease
    This Chapter shall not affect the landlord‑tenant relationship between the parties to a lease with option to purchase contract during the term of the lease,...
  • § 47E-10   Authorization to prepare forms; fees
    The North Carolina Real Estate Commission may prepare, or cause to be prepared, forms for use pursuant to this Chapter. The Commission may charge a...