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A buyer signs a contract to purchase a 10-year-old unit in a condominium community.

North Carolina Real Estate Commission NCREC-Broker-N Full Course Access
North Carolina Real Estate Commission NCREC-Broker-N View All Questions

A buyer signs a contract to purchase a 10-year-old unit in a condominium community. Under the provisions of the North Carolina Condominium Act, how many days does the buyer have to rescind the contract?

A.

3 days

B.

5 days

C.

7 days

D.

The buyer has no such right to cancel the contract.

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