Property Ownership (alternative)
The Maryland Condominium Act's resale disclosure requirements require a seller of a condo unit to provide the buyer with:
AOnly the sales price and settlement date
BA resale certificate containing current financial information about the association, including assessments and any pending special assessments✓ Correct
CThe original developer's public offering statement
DOnly the condo's rules and regulations
Explanation
Maryland Condominium Act resale disclosure (resale certificate) must include current assessment amounts, any pending special assessments, reserve fund status, and other financial information about the association.
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