What role is typically involved in verifying a condominium's status for a potential transaction?

The role typically involved in verifying a condominium's status for a potential transaction is that of the condominium manager. The condominium manager is responsible for the day-to-day operations of the condominium corporation and is familiar with the governance documents, financials, and any relevant issues regarding the property.

When a potential buyer is interested in purchasing a unit, it is the condominium manager's responsibility to provide comprehensive information about the status of the condominium. This includes aspects such as the financial health of the condominium corporation, details about maintenance fees, any special assessments, and the overall condition of the property. The manager ensures that the information is accurately represented, which is crucial for the buyer's due diligence and decision-making process.

Other roles, such as the real estate agent, may facilitate the transaction and support the buyer or seller, but they would rely on the condominium manager for specific and accurate information about the status of the condominium. The status officer is not a standard title in this context, and although a financial advisor may assist in understanding the financial implications of a purchase, they are not directly involved in verifying the condominium's status.