GVR's Understanding Strata Depreciation Reports for REALTORS® - Accelerated

Once prepared, a depreciation report, pursuant to section 59 of the Strata Property Act, must be disclosed to any owner, prospective purchaser, or any person who is authorized by an owner or purchaser who makes a request through the Form B, Information Certificate. 

 

Aside from the owners and prospective purchasers, many other third parties such as insurance companies and banks will likely place a lot of importance on the content of the strata corporation’s depreciation report. 

 

Do you know what to look for in a depreciation report that may have an impact on your client’s current or future cost of ownership? 

 

This course will enable you to understand and discuss the crucial elements of depreciation reports with your clients, whether representing a strata owner in the capacity of a listing agent or representing a strata property purchaser in their capacity as a buyer’s agent.

 

This course provides you with knowledge and confidence with spotting potential “red flags” and being able to explain the pros and cons of different funding models to your clients as well as assisting you in helping them make more informed decisions. It is not intended that this course will qualify you to write depreciation reports and is designed for REALTORS® (Trading Services Licensees). 

 

Disclaimer:

 

While all depreciation reports must contain the same mandatory content, you will notice a wide variety of presentation formats used, depending on which company or consultants prepared the report. The sample reports highlighted in this course follow the format used by NLD Consulting. 

 

This course emphasizes the important things to look for in any depreciation report, no matter who prepared it, and regardless of format.

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