What is NOT a document needed to register a condo?

Enhance your preparation for the NBREA Real Estate Test with flashcards and multiple-choice questions, complete with hints and explanations. Get ready for your real estate licensing exam!

To register a condominium, certain documents are required to establish its legal, financial, and operational framework. While documents like recent financial statements, an insurance policy management agreement, and budget and levies for the condo are all essential in demonstrating the condo's financial stability and management, the historical sale prices of similar units are not necessary for registration.

The requirement for financial statements and audits is to ensure prospective buyers have insights into the financial health of the condo association. Similarly, the insurance policy management agreement provides evidence of the coverage that protects both the association and the individual owners. Budget and levies give potential owners an idea of the ongoing financial obligations they will face as part of the condo community.

In contrast, historical sale prices of similar units, while potentially useful for market analysis or comparative sales in a real estate transaction, do not play a direct role in the legal registration process of the condominium itself. Thus, this document is not required for the registration, making it the correct choice in this context.

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