Final answer:
The North Carolina Conner Act requires certain real estate documents to be recorded, but a purchase contract does not need to be recorded to be valid between the parties. Recording is aimed at providing notice and establishing priority in conflicting claims, not at enforcing contracts between the immediate parties.
Step-by-step explanation:
Under the North Carolina Conner Act, real estate transactions such as deeds, mortgages, and certain leases must be recorded to be enforceable against subsequent purchasers. However, a purchase contract, also referred to as a contract for sale or a real estate purchase agreement, does not need to be recorded under the Conner Act to be valid between the parties involved. Recording a purchase contract is not typically done and is not required to protect the interests of the buyer and seller involved in the contract against each other.
In essence, the primary purpose of recording documents under the Conner Act is to provide notice to third parties about the transaction and to establish priority among conflicting claims. While recording can offer additional protections in certain situations, it's not mandatory for the enforceability of a purchase contract between the parties involved in the transaction.