BC Real Estate Trading Services Licensing Exam Practice · Question
Sarah is considering purchasing a strata unit at 123 Oceanview Drive, Vancouver. Her real estate licensee, David, has advised her to review the Form B Information Certificate. Which of the following pieces of information would NOT typically be included in a Form B?
The Form B Information Certificate provides specific details about a strata lot and the strata corporation. While it includes the current CRF balance and legal
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Question: Sarah is considering purchasing a strata unit at 123 Oceanview Drive, Vancouver. Her real estate licensee, David, has advised her to review the Form B Information Certificate. Which of the following pieces of information would NOT typically be included in a Form B?
Answer options:
- A. The amount of the current monthly strata fees for the unit. ✅ B. The estimated cost of a full roof replacement projected for 5 years from now.
- C. The balance of the strata corporation's contingency reserve fund.
- D. Any outstanding legal actions against the strata corporation.
Correct answer: B. The estimated cost of a full roof replacement projected for 5 years from now.
Explanation: The Form B Information Certificate provides specific details about a strata lot and the strata corporation. While it includes the current CRF balance and legal actions, it does not typically detail projected future repair costs like a roof replacement, which would be found in a depreciation report.
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- A developer, Grandview Developments Ltd., plans to build a new condominium project in Kelowna. They register a
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