NC Residential Property Disclosure Form Revised, Effective January 1, 2012

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As mandated by recent legislation, the NC Real Estate Commission has revised the Residential Property Disclosure Statement to include disclosures about property owners' associations. The new form is available now and its use will be required on January 1, 2012. Now four pages in length and titled "Residential Property and Owners' Association Disclosure Statement," the form sets out the required disclosures intended for use when a property is governed by an owners' association. In addition, the form clarifies the instructions so that users will better understand that disclosure requirements apply to sellers of condominiums, townhouses, and similar residences in the same way it applies to sellers of single-family detached residences.

A copy of the new Disclosure Statement can be obtained on the Real Estate Commission's web site at: http://www.ncrec.gov/form ... ec422.pdf.

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Hugh "Scooter" Willey

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December 17 2011 - Nags Head
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Profile picture for Sharon Lewis
Its a terrific form....glad to see it all one.
By the way here is Zillows Good Neighbor Policy for you
Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy. 
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December 17 2011
 
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