BC Real Estate Trading Services Course Strata (Condo) Law & Strata Property Act BC 2

Question 1

In BC, 'limited common property' (LCP) in a strata corporation is:

Accepted Answer

Common property designated for the exclusive use of one or more strata lots (e.g., a balcony)

Answer

Limited common property is common property designated on the strata plan for the exclusive use of one or more specified strata lots, such as a balcony, parking stall, or storage locker.

Question 2

Under the BC Strata Property Act, strata bylaws must be registered at:

Accepted Answer

The Land Title Office

Answer

Under the Strata Property Act, strata bylaws and bylaw amendments must be filed at the Land Title Office to be effective against future purchasers of strata lots.

Question 3

Under the BC Strata Property Act, an annual general meeting (AGM) of a strata corporation must be held:

Accepted Answer

Within 2 months after the end of the fiscal year

Answer

The Strata Property Act requires the strata corporation to hold an AGM within 2 months after the end of each fiscal year for all owners to review finances, elect the council, and vote on matters.

Question 4

In BC, a strata council may pass resolutions by:

Accepted Answer

A majority vote of the council members present at a properly convened council meeting

Answer

The strata council can make day-to-day decisions by majority vote at a properly convened council meeting. Extraordinary matters require ¾ votes or unanimous votes at a general meeting of all owners.

Question 5

In BC, a '¾ vote' of a strata corporation is required for:

Accepted Answer

Amending bylaws or approving significant changes to common property

Answer

A ¾ vote (75% of eligible votes) is required for significant decisions such as amending bylaws, making significant changes to common property, and other major matters specified in the Strata Property Act.

BC Real Estate Practice Test

BC Real Estate Practice Test

BC Real Estate Trading Services Course Strata (Condo) Law & Strata Property Act BC 2