What must a licensee disclose regarding road disclosures in North Carolina?

In North Carolina, a licensee is required to disclose the name of the municipality maintaining the street. This is important because it informs potential buyers about the governing body responsible for road maintenance, which can affect their experience living in that area. Knowing whether a road is maintained by a municipality provides insight into the reliability of maintenance, access to public services, and potential tax obligations associated with municipal maintenance.

While understanding whether streets are public or private is significant, the specific requirement of naming the municipality directly connects potential homeowners to the local government's accountability for road maintenance. Additionally, while knowing who maintains the streets is essential, details about the developer's involvement and technical specifications like width and depth are not mandated disclosures under North Carolina's real estate laws.