A buyer asks a Georgia licensee whether a special assessment recently levied by the homeowners association will affect the purchase. How should the licensee characterize this issue?
Correct Answer
B) As an association-document and resale-practice issue requiring review of the association's financial records, assessment resolution, and any applicable resale disclosure packet.
Special assessments are association financial obligations that may transfer to or affect a new buyer. Under the Georgia Property Owners' Association Act (O.C.G.A. § 44-3-220 et seq.) and the Georgia Condominium Act (O.C.G.A. § 44-3-70 et seq.), these are properly categorized as association-document and resale-practice issues. They require review of the assessment resolution, the association's governing documents, and any resale disclosure packet—not treatment under the stigma disclosure statute (O.C.G.A. § 44-1-16), which addresses psychological impacts on property such as deaths or criminal activity, not financial obligations of an association.
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