Disclosure Of Management Of Strata Corporation By Licensee Who Is An Owner Form

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DISCLOSURE OF MANAGEMENT
OF STRATA CORPORATION BY
LICENSEE WHO IS AN OWNER
Section 9-3 of the Real Estate Council Rules permits a licensee who is a strata lot owner and therefore is a member of a strata
corporation, who wishes to become a strata council member, or to otherwise provide strata management services to that strata
corporation in a volunteer capacity, to do so without the Real Estate Services Act applying to them in relation to these services. However
they must disclose this intention to the strata corporation before doing so.
When this disclosure has been made, the licensee may provide strata management services to the strata corporation (as a strata council
member or otherwise), under the following conditions:
The licensee does not have sole signing authority for withdrawals of any funds of the strata corporation and does not otherwise have
sole authority for expenditures of any funds of the strata corporation.
The licensee does not receive and does not expect to receive any remuneration for the strata management services provided to the
strata corporation.
On receipt of any strata fees, contributions, levies or other amounts levied by or due to the strata corporation under the Strata
Property Act, the licensee must promptly deliver the money to the strata corporation.
PART A - NOTICE
Notice to (name of strata corporation)
Address of strata corporation
PART B – DISCLOSURE
I, ________________________________________________________, am licensed under the Real Estate Services Act
(name of licensee)
with ____________________________________________________________and hereby disclose to you that:
(name of brokerage)
As a strata lot owner in the above-named strata corporation, I will be providing strata management services to the strata corporation as:

a strata council member, or

a strata manager.
I acknowledge that although I am a licensee, I am not acting as a licensee in relation to the strata management services I intend to provide to the
strata corporation and I will not be regulated under the Real Estate Services Act in relation to these services. I have informed the above-named
strata corporation that it is therefore not entitled to any protections applicable under the Real Estate Services Act for my actions, while I act under
this exemption.
I make this disclosure in compliance with section 9-3 of the Council Rules under the Real Estate Services Act.
Signature __________________________________________________________________________ Date ____________________
PART C – ACKNOWLEDGEMENT OF RECEIPT
Signature ____________________________________________________
Date ____________________________________________
The undersigned strata council members acknowledge receipt of the above disclosure.
Name _________________________________________________ Title _______________________________________________
Signature __________________________________________________________________________ Date ____________________
Name _________________________________________________ Title _______________________________________________
Signature __________________________________________________________________________ Date ____________________
A COPY OF THIS DISCLOSURE MUST BE PROVIDED TO THE MANAGING BROKER OF THE LICENSEE’S RELATED BROKERAGE.
Disclosure of Management of Strata Corporation by Licensee who is an Owner
(Rev 03/2015)
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