Material Facts

North Carolina law requires residential sellers to provide two disclosure forms before or at the time a buyer makes an offer: the Residential Property and Owner’s Association Disclosure Statement (RPOADS) and the Mineral, Oil and Gas Rights Mandatory Disclosure Statement (MOGS). Sellers answer each question “Yes,” “No,” or “No Representation,” but overusing “No Representation” can raise buyer concerns and does not eliminate a seller’s legal duty to disclose known material defects. Failure to provide these forms before an offer gives buyers the right to rescind the contract.