California Real Estate Practice Exam

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What must sellers of condominiums and common interest subdivisions disclose?

  1. The original building plans

  2. The minutes of the past 12 months of homeowners' association meetings

  3. The personal information of all tenants

  4. Future development plans for the area

The correct answer is: The minutes of the past 12 months of homeowners' association meetings

Sellers of condominiums and common interest subdivisions are required to disclose the minutes of the past 12 months of homeowners' association meetings. This is important because it provides potential buyers with information about any ongoing issues or developments within the community. Option A is incorrect because while sellers may need to provide the original building plans to potential buyers, it is not a required disclosure. Option C is incorrect because it would be a violation of privacy to disclose the personal information of all tenants. Option D is incorrect because while future development plans for the area may be of interest to potential buyers, it is not required to be disclosed by sellers.

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