Frequently Asked Questions

The cost starts at $225 + tax for a Sellers Review and goes up to $445 for a Buyers Review – Level
2 (not inclusive of the cost of the documents).

Depending on which level you choose, it could include everything you would get in a typical Form B
package: Up to two years of minutes (council, AGM, SGM), bylaws, rules, rental disclosure statement,
depreciation report, financial statements, and insurance certificate. We will also be available to
answer any questions either by phone or email thereafter.

Yes, we review additional documents including, but not limited to: engineering reports, warranty
reviews, disclosure statements, additional minutes, etc. at an hourly rate of $115 + tax. We will
provide an estimate for the time required based on the number of pages.

When dealing with a buyer, the documents will have to be provided to Condo Clear by the buyer or
their agent; however, in the case of a seller, authorization can be given to Condo Clear to obtain the
documents from the strata corporation directly.

Depending on our volume of work at the time of the order, it usually take 2-5 business days. You will
be advised of the ETA when the review is ordered. If you require a quicker turnaround time, rush
services may also be available.

Condo Clear relies on the knowledge of experienced Strata Management licensees to ensure the
highest quality of hands on expertise regarding the management of strata corporations. Through their
experience, our Review Advisors have obtained a unique insight that helps ensure that you’re
provided with the information that matters most when purchasing or selling a strata property.

Condo Clear is a licensed brokerage under the B.C. Financial Services Authority (BCFSA) and is
covered by the same errors and omissions insurance as is required for other real estate

professionals. This also includes the obligation to meet or exceed the educational requirements and
professional standards required by the BCFSA. We are also covered by third party errors and
omissions insurance.

The Professional Standards Manual published by the Real Estate Council of B.C. reads:
“In the sale of strata properties, exercising reasonable skill and care includes the obligation to
ascertain and provide buyers with current information respecting strata corporation bylaws, rules,
finances, and restrictions or prohibitions relating to the use of the strata lot, and other matters that
may affect the strata lot’s value or use.
Both listing and selling licensees have a general duty to be familiar with property they are intending to
market.”
While it is important for a Realtor to have a general knowledge of strata governance, their role
specializes in advising you on sale/purchase prices, negotiating on your behalf, ensuring that the
contracts required for the transaction are executed properly and in a timely manner, as well many
other details that are vital to a successful transaction.
Dealing with strata corporations is a complex area of real estate that requires a specific knowledge
base which is difficult to obtain without direct experience in strata management. Therefore, we
believe it is prudent for a buyer and/or seller to engage the services of someone with considerable
strata management experience, who has the specialized expertise to review all the intricate elements
of a strata corporation.

Currently, Condo Clear is the only licensed service of its kind in B.C.; however, this service has been
an established practice in other markets, such as Alberta, for many years.
Given that this is a unique service, there are a couple of options that may also be considered such
as having a lawyer review the documents, or a home inspector to review the unit/building; however,
these may not provide the same level of insight as Condo Clear.

If you have any other questions or would like to request a sample summary, you can contact Condo
Clear by email: [email protected] or telephone: 250-853-7446. You can also visit our website at:
condoclear.ca.

Thank you for your interest.