Which of the following actions is not permitted regarding condominium disclosure requirements?

Which of the following actions is not permitted regarding condominium disclosure requirements?

• A. Fill out the executive summary
• B. Provide the buyer with a copy of the bylaws
• C. Submit financial statements
• D. Supply a copy of the meeting minutes

Answer: (A)

Filling out the executive summary is not a permitted action regarding condominium disclosure requirements because the executive summary is typically intended to provide a brief overview of the important elements within the full disclosure documents, rather than being a standalone document that can be completed independently. The intent behind condominium disclosure laws is to ensure that potential buyers receive accurate and complete information directly from the association, rather than summarized or potentially altered information. In contrast, providing the buyer with a copy of the bylaws, submitting financial statements, and supplying a copy of the meeting minutes are all actions that are clearly outlined as part of the disclosure process. These documents give prospective buyers critical insights into the operational and financial structure of the condominium association, including rules, financial health, and past decisions made by the association.

Filling out the executive summary is not a permitted action regarding condominium disclosure requirements because the executive summary is typically intended to provide a brief overview of the important elements within the full disclosure documents, rather than being a standalone document that can be completed independently. The intent behind condominium disclosure laws is to ensure that potential buyers receive accurate and complete information directly from the association, rather than summarized or potentially altered information.

In contrast, providing the buyer with a copy of the bylaws, submitting financial statements, and supplying a copy of the meeting minutes are all actions that are clearly outlined as part of the disclosure process. These documents give prospective buyers critical insights into the operational and financial structure of the condominium association, including rules, financial health, and past decisions made by the association.