Condominium resales in Washington require:
Question & Answer
Review the question and all answer choices
No special documents
Answer A is incorrect because Washington law explicitly requires special documentation — specifically the resale certificate — for condominium resales; the absence of this document can allow the buyer to rescind the contract, making it one of the most consequential disclosure requirements in Washington real estate transactions.
Resale certificate from the association
Only financial statements
While financial statements are included as a component of the resale certificate package, providing only financial statements is insufficient under RCW 64.34.425, which requires a comprehensive certificate covering assessments, rules, pending litigation, insurance, and other association matters beyond finances alone.
Government approval
Government approval is not required for condominium resales in Washington; the resale certificate comes from the private condominium association itself, not from any state or local government agency, making this answer factually incorrect.
Why is this correct?
Answer B is correct because RCW 64.34.425 specifically requires the seller of a condominium resale to provide the buyer with a resale certificate prepared by the condominium association, which must include the association's financial statements, current budget, reserve study, pending assessments, and any pending litigation. This statutory requirement gives buyers a meaningful opportunity to review the association's health before becoming legally bound to purchase. The buyer typically has a specified period after receipt of the certificate to rescind the purchase agreement without penalty.
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