Property Ownership
In New York, a 'cooperative apartment' owner who wants to sell must typically obtain approval from:
AThe NYC Department of Housing Preservation and Development
BThe cooperative's board of directors✓ Correct
CThe Attorney General's office
DThe DOS
Explanation
Co-op sales require approval from the cooperative corporation's board of directors. The board reviews the buyer's financials, references, and background and has broad discretion to approve or reject buyers.
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