Strata Management Licensing Practice Exam · Question
Ms. Isabella Rossi, the strata manager for Strata Plan KAS9876 in Kelowna, receives a request from a prospective buyer for a Form B: Information Certificate. The buyer wants to know the current balance of the contingency reserve fund, details of any special levies, and the strata corporation's bylaws. What is the maximum fee the strata corporation can charge Ms. Rossi for providing this form?
Strata Property Regulation 3.3 specifies that the maximum fee for providing a Form B: Information Certificate is $35.
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Question: Ms. Isabella Rossi, the strata manager for Strata Plan KAS9876 in Kelowna, receives a request from a prospective buyer for a Form B: Information Certificate. The buyer wants to know the current balance of the contingency reserve fund, details of any special levies, and the strata corporation's bylaws. What is the maximum fee the strata corporation can charge Ms. Rossi for providing this form?
Answer options: ✅ $35, regardless of the number of attached documents.
- $50, plus any disbursements for photocopying.
- $75, plus any disbursements for photocopying if the request exceeds 20 pages.
- $25, plus $0.25 per page for additional documents.
Correct answer: $35, regardless of the number of attached documents.
Explanation: Strata Property Regulation 3.3 specifies that the maximum fee for providing a Form B: Information Certificate is $35.
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