You are selling a share of ownership with a cooperative, not real estate as with a condominium. And, the financing and approval requirements may be an additional challenge.

  Coops you do not own any real estate.  Condos you own airspace, and maybe common areas.

Debe Maxwell, CRS and Nina Hollander have this one covered. 

Only one of them is real estate.

Not many co-ops in our area. There are plenty of condos.

Co-op: You own stock in the co-op and not real estate.

Condo: You own real estate.

By the way, for a co-op, in addition to paying for the unit, you have to be approved by the co-op board.

It is the ownership of the building much like a club of sorts. The owners can vote people out and block them from coming in.

We don't have co-ops in Oklahoma City.

Both,

Debe Maxwell, CRS and Nina Hollander covered it brilliantly.  A

we only have condominiums in our area....not cooperatives....

Roy Kelley gave you the difference...

What did your Pre-Licensing Instructor say ???

Different form of ownership. 

Study hard.

Take lots of practice tests.

A condo is a fee-simple purchase, where the owner owns the unit (as in any 'normal' residential sale/purchase.

A co-op is purchased/sold as shares in the corporation that owns all the units. 

Again and again. 

Roy, thank you, you are the best! 

All the time I read questions like that ready to bark. 

Legal structures are different

Cooperative involves ownership

Coops are not real property; they are shares in a building corporation and the corporation has a lot of say about who does or does not buy into the building. Having lived in NYC coops much of my adult life I can tell you it's no easy passing a board.

A coperative is governed by the rules of the coop while the condo is privately owned.

Check out Roy Kelley's answer or Debe Maxwell, CRS 

You own a % share only,  not anything tangible, beyond that, never had to sell one nor likely would.

Roy's got you.

Yes.

Pay attention to the warning offered by Roy Kelley 

All answers are good. 

Sale is the sale. 

Does not really matter it is a condo or co-op. Sell.

Roy Kelley nailed this one!

board approval and ownership are different in each.

Have no idea, we don't have cooperatives in Denver.

Daniel Lloyd - different guidelines.

There are some good posts on active rain.

Hi Daniel, Happy Thursday   Take a look at this guide on my website: https://www.manhattanmiami.com/resources/home-buying-guide/co-op-vs-condo

Best,

R

Selling a condo, is totally different from selling a co-op.  Condo's are pretty striaght forward sales.  Other than providing HOA and/or Condo Resale Package to the prospective buyer, the condo assoication does not have to give permission/approve for someone to move into there building.

However, with a co-op, the shareholders have to approve anyone moving in, and there several steps that the tenants/prospective shareholder will have to go through. 

Please feel free to email me justaskbridgette@gmail.com