Under North Carolina law, what must real estate agents disclose to potential buyers?

Under North Carolina law, real estate agents are required to disclose any known material facts about the property to potential buyers. This legal obligation ensures that buyers are fully informed about any issues or conditions that could affect their decision to purchase the property. Material facts may include problems such as structural damage, pest infestations, or issues with the title that could impact the property's value or safety.

This requirement emphasizes the importance of transparency in real estate transactions and aims to protect consumers by ensuring they have the necessary information to make informed decisions. Failing to disclose known material facts can lead to legal repercussions for the agent and create significant problems for the buyer in the future.

In contrast, personal reviews of the property might provide subjective opinions or experiences but do not constitute material facts that might impact a buyer’s decision. Future development plans in the area could be relevant, but unless they are confirmed and impact the property's value or use, they may not need to be disclosed. Similarly, neighborhood demographic information can be interesting and informative but is not classified as a material fact concerning the property itself. Thus, the focus remains on disclosing factual information that directly affects the property being purchased.