BC Real Estate Trading Services Licensing Exam Practice · Question
Upon the successful completion of a sale of a commercial strata unit in Burnaby, licensee Sarah is reviewing the transaction records for compliance. Which of the following records is Sarah *least likely* to find in the brokerage's required central registry or transaction record file for this specific sale?
While brokerages must retain a wide range of documents related to a transaction (Real Estate Services Rule 6-1), proof of strata plan registration is a public r
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Question: Upon the successful completion of a sale of a commercial strata unit in Burnaby, licensee Sarah is reviewing the transaction records for compliance. Which of the following records is Sarah least likely to find in the brokerage's required central registry or transaction record file for this specific sale?
Answer options:
- A copy of the fully executed Contract of Purchase and Sale.
- The Property Disclosure Statement completed by the seller. ✅ Proof of registration of the strata plan, obtained from the Land Title Office.
- Copies of all offers, counter-offers, and related correspondence.
Correct answer: Proof of registration of the strata plan, obtained from the Land Title Office.
Explanation: While brokerages must retain a wide range of documents related to a transaction (Real Estate Services Rule 6-1), proof of strata plan registration is a public record typically obtained by due diligence during a transaction, but it is not a document specifically generated or handled by the licensee or brokerage in a manner that requires its inclusion in the brokerage's central registry or transaction file, unlike the contract, disclosures, and offer documents.
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