Property Ownership
The Virginia Condominium Act requires that a purchaser of a resale condominium unit receive a resale certificate. How many days does the buyer have to void the contract after receipt?
A3 days✓ Correct
B5 days
C7 days
D10 days
Explanation
Under the Virginia Condominium Act, a buyer has 3 days after receiving the complete resale certificate to void the purchase contract without penalty.
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