Link to BCREA eBulletin:
Online version or Mobile version.

  December 2015

Strata Fundamentals: Reviews from REALTORS®

As stratas increase in popularity as a means of affordable living, expectations on REALTORS® have increased about how understanding and accurately conveying information about the property for sale. Although a strata unit sale has more complexities than the sale of a single-family home, one in five of the first transactions that a new Realtor will have to carry out will involve a strata corporation.

To prepare for these strata transactions, Realtors can look to BCREA's well-received Strata Fundamentals course. In a recent survey, learners provided positive feedback, noting that the instructions, engagement, interaction and learning support were excellent, that information was well-organized and videos were helpful.

Strata transactions can sometimes place Realtors in risky positions, but one course participant wrote '[there is an] excellent, proactive approach of arming participants with checklists for risk management." Another learner wrote, "[due to] the ever changing landscape of strata properties and the addition of depreciation reports here in BC, I feel that this course should become mandatory for all Realtors in the current market. The complexity of strata law and dealing in the best interest of one's clients requires a high level of expertise. Avoiding problems in strata sales transactions is paramount. Education is the key."

Discover more about the Strata Fundamentals course here.

Click here to visit the BCREA eBulletin archive, available on REALTOR Link®.   

Follow BCREA on Twitter   View BCREA's LinkedIn┬« Profile