Property Ownership
Oklahoma's Condominium Ownership Act requires condominium developers to provide buyers with:
AA personal appraisal of each unit
BA public offering statement (disclosure) before signing a purchase contract✓ Correct
CA 30-day right of rescission after any condo purchase
DApproval from OREC before selling individual units
Explanation
Under the Oklahoma Condominium Ownership Act, developers must provide prospective buyers with a public offering statement containing key information about the project, the association, financials, and the buyer's rights before the contract is signed.
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