I don't think they are really set up to handle separate unit owners in large condo association buildings.

This month the Realtor's of South Central Kansas (RSCK) Association has rolled out a new Commercial Information Exchange (CIE). 

If you are anywhere near Lombard check out the group "Chicago Creative Investors Association".

For the most part, if you're talking about a paltry sum of EM, authorities (RE Associations/courts/etc) probably wouldn't force it to be returned if the buyer just changed his/her mind.

Some neighborhood associations have problems with it. 

The National Association of Realtors is a good resource for info like this.https://www.nar.realtor/research-and-statisticsHere is a similar link from Zillow.https://www.zillow.com/research/data/

Add to that the costs associated with TI's and Repairs and you're usually talking about non-inconsequential amounts of money (for most).My first deal was a purchase for 585k and in total, I had to come up with ~300k cash in Downpayments, TIs, and Repairs.

It all depends on the expense to sell that property and the risk associated with the sale.Every owner says "Well it will sell in a day""It's the best home around because""This view is worth $35K""The recent sold didn't have a kickout in the kitchen and it is worth 40K all day long"So my suggestion would have been to find a couple agents to get ideas.

Another potential resource to look into is a neighborhood association.When I lived in San Jose, California, I was a member of my local neighborhood association.

@Steve Uhlig if you want a copy of the Standard plain language lease endorsed by PAR (PA association or Realtors) let me know and I can email you a copy.