Strata Management Licensing Practice Exam · Question
A strata manager's license indicates they are licensed for Strata Management only. Can they also facilitate the sale of a strata lot for commission?
Real estate services licenses are specialized. A Strata Management license permits managing strata corporations, but a separate Trading Services license is requ
Start free practice for Strata Management Licensing Practice Exam
252 questions · no signup required · 40 free questions per day
Question: A strata manager's license indicates they are licensed for Strata Management only. Can they also facilitate the sale of a strata lot for commission?
Answer options:
- Yes, as long as they disclose their license type. ✅ No, they would need a separate license for Trading Services.
- Only if the strata council of that strata corporation specifically approves it.
- Yes, provided the commission is paid directly to the strata corporation.
Correct answer: No, they would need a separate license for Trading Services.
Explanation: Real estate services licenses are specialized. A Strata Management license permits managing strata corporations, but a separate Trading Services license is required to facilitate the purchase or sale of real estate for remuneration.
Start free practice for Strata Management Licensing Practice Exam
252 questions · no signup required · 40 free questions per day
More about Strata Management Licensing Practice Exam
More for Strata Management Licensing Practice Exam candidates
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free Strata Management Licensing Practice Exam Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.