Strata Management Licensing Practice Exam · Question
What does a strata council member's fiduciary duty entail?
A strata council member has a fiduciary duty to act honestly and in good faith, always with a view to the best interests of the strata corporation as a whole, n
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Question: What does a strata council member's fiduciary duty entail?
Answer options:
- They must prioritize personal interests over those of the strata corporation. ✅ They must act honestly and in good faith with a view to the best interests of the strata corporation.
- They are only accountable to the property manager.
- They are exempt from all strata bylaws.
Correct answer: They must act honestly and in good faith with a view to the best interests of the strata corporation.
Explanation: A strata council member has a fiduciary duty to act honestly and in good faith, always with a view to the best interests of the strata corporation as a whole, not their personal interests or those of a select group of owners. This is a fundamental element of governance under provincial strata acts.
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