Which type of property should Ron, a Delaware licensee, advise his client to request a resale certificate for?

Prepare for the Delaware Real Estate Test with flashcards and multiple choice questions. Each question provides hints and explanations. Get ready for your exam!

A resale certificate is a crucial document in real estate transactions, particularly for properties governed by a homeowners association (HOA) or condominium association. This certificate provides prospective buyers with important financial information about the property, including details about any future assessments, community rules, and the overall financial health of the association.

In the case of option C, the description of the bustling residential complex with three pools and 200 units indicates that it is likely to have a structured condo association with established rules and regulations, as well as financial records that would be critical for potential buyers to review. The size and amenities suggest an organized management structure that would require a resale certificate to inform prospective buyers about the responsibilities and financial obligations associated with purchasing a unit in the community.

Smaller or less complex properties, such as those mentioned in the other options, may not have the same level of financial documentation or complex governance that would necessitate a resale certificate. Therefore, advising the client to request a resale certificate for the large residential complex is prudent, as it will provide comprehensive insight into the association's standing and the financial responsibilities tied to property ownership in that setting.

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