For Realtors

Realtor resources

Condo transactions have a second party nobody negotiates with: the association. Knowing its document process, fees and approval requirements up front is the difference between a clean closing and a two-week delay.

Order documents on day one

Each management company has its own process, contact, fee and turnaround. Community profiles here record that process so you are not starting from a phone tree.

  • Identify the management company and its document contact
  • Confirm the fee and accepted payment method
  • Ask for the turnaround in business days and build it into the timeline
  • Request the resale certificate and current financials together

Fees that show up at closing

Surprises here cost you goodwill. Confirm every association-side cost before the purchase and sale agreement is signed.

  • Document / resale package fee
  • Transfer fee
  • Move-in and move-out fees
  • Capital contribution or working capital fee
  • Prorated monthly fee and any assessment balance

Approvals and rights

Some associations require buyer approval or hold a right of first refusal. Both add days and both must be handled before financing deadlines.

Listing accuracy in condo communities

Condo listing errors cluster in predictable places. Verify these against association records rather than the prior listing.

  • Current fee amount and frequency
  • What the fee actually includes
  • Pet and rental rules as written, not as remembered
  • Parking type: assigned, deeded, or common
  • Unit count and year built for the community, not the building

Contribute what you learn

If you just spent two hours confirming the management contact and the fee schedule, submit it. Reviewed contributions are published with a source and verification date so the next agent does not repeat your work.