(a) There shall be no clause in the sales contract between the developer and the prospective purchaser of a condominium unit that would create an exclusive sales agreement with a real estate agent as to the subsequent sale of the condominium unit. Any condominium owner shall have the right to decide what agent, if any, shall be used in the subsequent sale of a condominium unit.
(b) In the event of any resale of a unit by an owner other than the original developer of the condominium project, such owner shall obtain from the council of co-owners and furnish to the prospective purchaser prior to entering into a sales agreement the following:
(1) A statement that the owner is current in his or her payment of all charges and assessments for repairs and maintenance of the condominium;
(2) A statement of any and all major repairs and replacement expenditures anticipated by the council of co-owners for a period of twelve months from the date of furnishing the information required by this section; and
(3) A statement on the status and amount of any reserve fund earmarked for any specified project by the council of co-owners.
(c) The council of co-owners shall furnish this information upon written request of any unit owner within ten days of such request. The provisions of this section shall be embodied in the bylaws of such council of co-owners.
(1977 Code § 15-120)