What document should a licensee request from the seller's agent when making an offer on a condo?

A Condominium Seller's Certificate is essential when making an offer on a condo because it provides critical information about the property and its associated homeowners' association (HOA). This certificate typically includes details about the condo's financial standing, rules and regulations of the association, any upcoming assessments or special l assessments, and other obligations that come with ownership.

Understanding this information is vital for a buyer because it ensures they are fully aware of the condo's status and their responsibilities within the community. Other documents, while useful, do not provide the specific association-related insights that are crucial for a potential buyer to consider when evaluating a condominium purchase. For instance, a Real Estate Purchase Agreement is a contract outlining the terms of the sale but does not detail the operational aspects of the condo association. A Title Insurance Policy focuses on the legal title of the property, not the community aspects, and a Property Disclosure Statement usually includes information about the physical condition of the unit but may not address the HOA's rules and financials. Thus, the Condominium Seller's Certificate is the most pertinent document in this context.