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September 21, 2007
New StrataDocs Online Service for REALTORS Helps Buyers of Strata Units®
The Victoria Real Estate Board (VREB) has introduced a new online service for its REALTOR® members called StrataDocs Online that will make it much easier for buyers of strata units to obtain important documents.
Under the system, REALTORS® can obtain online all the required documentation buyers need when purchasing a strata unit, such as copies of the strata bylaws and minutes of meetings. REALTORS® can then email these documents directly to buyers, saving considerable time and effort. Previously, REALTORS® had to request the documents from the strata council, or property management company, and wait for photocopies to be made. The program also allows strata unit owners access to their documents at no charge.
VREB President, Bev McIvor, says StrataDocs Online is a first for British Columbia, "We are the first Board in the province to have introduced this program which was developed for us locally. We've launched the program with three condominium buildings online and are now working closely with property management companies to get many more buildings included in the system." McIvor added that the property management companies will be responsible for ensuring that all relevant documentation is available on the system and is kept up to date. "We invite property management firms and independently managed stratas to contact us to learn more about how they can participate in this new program."
McIvor noted that other real estate boards in the province have expressed considerable interest in working with the VREB to implement a similar program in their respective areas.
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