Finance
A NC 'land contract' (installment land contract or contract for deed) differs from a regular sale in that:
AThe buyer receives the deed at the time of contract execution
BThe seller retains legal title until the full purchase price is paid while the buyer has equitable title✓ Correct
CNo mortgage is involved
DThe sale price is not disclosed to the buyer
Explanation
In a land contract, the seller retains legal (record) title and the buyer receives equitable title — the buyer takes possession and makes installment payments, and receives the deed only when the price is paid in full.
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