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2. MacPherson Real Estate Ltd.
Since the beginning of 2006, the law of BC has required the real estate firms to be
certified under the Real Estate Services Act. The law entails what actions establish
property management in Pitt Meadows, Vancouver, or Burnaby. For example,
garnering and controlling charges for the sake of the strata corporation make a
company eligible for the role of a strata property manager. In addition, a company is
outlined by actions like exerting rights and responsibilities that a strata corporation
or council has assigned to the manager. This could incorporate things like paying to
third parties, or discussing the terms or entering into contracts.
As stated by the Act, the firm providing property management BC for commercial as
well as residential ones cannot perform specific activities. It cannot perform the role
of an arbitrator in a settlement proceeding without seeking the permission of all the
parties engaged. Furthermore, if the strata council takes the decision to end the
services of the real estate firm, they cannot persist with the documents of the
corporation for above 4 weeks from the date of ending the association.
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British Columbia (BC) is one of the prominent provinces in Canada. Located in the
western part of the country, the province has recently witnessed a boom in the real
estate sector. Both residential and commercial property owners and investors are
now exploring unlimited earning opportunities from different properties situated in
cities like Vancouver, Pitt Meadows, Surrey, Burnaby, Langley, etc. With the rising
property business, the role of various property management companies in
Vancouver has become all the more important.
In BC, such companies are known as strata management companies, offering
property management for commercial buildings with individual dwelling units and
general areas, such as condominiums or apartments. According to the British
Columbia Strata Property Act, companies providing property management in BC
need to comply with certain legal structure. This enactment lays down the role of
these real estate firms, determined by the binding agreement between the firm and
the strata council.