What must be done prior to selling or offering to sell condominium units?

What must be done prior to selling or offering to sell condominium units?

• A. Obtain a city permit
• B. Register with the Commission
• C. Conduct a neighborhood survey
• D. File a broker application

Answer: (B)

Before selling or offering to sell condominium units in Hawaii, it is essential to register with the Commission, which is a part of the regulatory framework in place to protect consumers and ensure adherence to real estate laws. This registration process typically involves submitting necessary documentation about the condominium project, including details about the development, financial disclosures, and promotional information. This step is crucial as it guarantees that potential buyers receive important information about the property and helps maintain transparency and accountability in the real estate market. The requirement to register with the Commission also serves to inform the authorities about the nature and scope of the condominium project being offered, allowing for oversight and regulation that protects both the developers and the buyers. Other options, such as obtaining a city permit or conducting a neighborhood survey, may be relevant to different aspects of real estate transactions or local regulations but are not specifically mandated for selling or offering condominium units. Filing a broker application pertains more to individual licensing for agents or firms rather than the registration of condominium projects, which is why that choice does not address the question accurately.

Before selling or offering to sell condominium units in Hawaii, it is essential to register with the Commission, which is a part of the regulatory framework in place to protect consumers and ensure adherence to real estate laws. This registration process typically involves submitting necessary documentation about the condominium project, including details about the development, financial disclosures, and promotional information.

This step is crucial as it guarantees that potential buyers receive important information about the property and helps maintain transparency and accountability in the real estate market. The requirement to register with the Commission also serves to inform the authorities about the nature and scope of the condominium project being offered, allowing for oversight and regulation that protects both the developers and the buyers.

Other options, such as obtaining a city permit or conducting a neighborhood survey, may be relevant to different aspects of real estate transactions or local regulations but are not specifically mandated for selling or offering condominium units. Filing a broker application pertains more to individual licensing for agents or firms rather than the registration of condominium projects, which is why that choice does not address the question accurately.