Public Offering Statement - North Dakota

Public Offering Statement is a legal document that was released by the North Dakota Real Estate Commission - a government authority operating within North Dakota.

FAQ

Q: What is a Public Offering Statement?
A: A Public Offering Statement is a document provided to prospective buyers of a condominium unit or cooperative housing unit in North Dakota.

Q: What information does a Public Offering Statement contain?
A: A Public Offering Statement contains information about the condominium or cooperative project, the unit being sold, financial information, rules and regulations, and other relevant details.

Q: Who prepares the Public Offering Statement?
A: The developer or the association of the condominium or cooperative project prepares the Public Offering Statement.

Q: When should a Public Offering Statement be provided to potential buyers?
A: A Public Offering Statement must be provided to potential buyers before they sign a purchase agreement or lease agreement for the unit.

Q: Is a Public Offering Statement required by law in North Dakota?
A: Yes, a Public Offering Statement is required by law in North Dakota for the sale of condominium units and cooperative housing units.