Question 44

A property owners' association must deliver a resale certificate within 14 days of receiving a written request from the seller or seller's agent.

A property owners' association is required to provide a resale certificate within 14 days, specifically upon receiving a written request from the seller or their agent. This ensures that the request is formally documented and aligns with legal requirements.

A) verbal request from the seller or seller's agent.

A verbal request does not satisfy the legal requirement for documentation needed by the property owners' association. Without a written request, there is no formal record to initiate the 14-day timeframe for delivering the resale certificate.

B) written request from the seller or seller's agent.

This option is correct as it aligns with the legal obligation of the property owners' association to respond to a written request. The requirement for a written format ensures accountability and provides a clear basis for the 14-day response period.

C) verbal request from the buyer or the buyer's agent.

Similar to Option A, a verbal request from the buyer or their agent is insufficient. The law requires a formal written request to initiate the process of obtaining the resale certificate, thus making this option incorrect.

D) written request from the buyer or the buyer's agent.

While a written request is necessary, it must come from the seller or their agent, not the buyer. Therefore, this option does not fulfill the requirement, making it incorrect.

Conclusion

The correct answer, B, emphasizes the importance of a written request from the seller or their agent in initiating the resale certificate process. All other options fail because they either involve verbal requests or requests from the wrong party, which do not meet the stipulated legal requirements. This underscores the necessity for formal documentation in real estate transactions.