Property Ownership
In NC, a 'developer's public offering statement' under the NC Condominium Act (Chapter 47C) must be provided to a buyer before:
AThe certificate of occupancy is issued
BThe buyer enters into a purchase agreement for a new condominium unit✓ Correct
CConstruction begins
DThe HOA budget is approved
Explanation
Under the NC Condominium Act, a developer must provide a public offering statement (containing the declaration, bylaws, budget, and other disclosure information) to prospective buyers before they sign a purchase contract.
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