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Condo “For Sale” Signs are hung on what we in BC call "Trees".
While hanging real estate signs on fences or patio posts is unacceptable in most instances, there are many strata corporations in British Columbia who are not allowing “for sale” signs to be hung on the real estate sign tree in front of buildings.
This action is mainly in response to the abuse by a few irresponsible REALTORS®, who do not take down their signs on time, hang them when they don’t have a listing, don’t secure them properly, use oversize signs, etc.
While I understand the reasons strata council’s want to do this they should have been advised by their management company that preventing someone from hanging a “for sale” sign is not legally enforceable according to the Strata Property Act of BC. (BTW, strata is what we use to describe a condo in BC; same as in Australia)
These signposts help effectively market and expose a strata lot to the public and owners cannot be prohibited from doing this.As a REALTOR® I’ve come across Lower Mainland buildings where the strata council are obviously not aware of Part 7, Section 122 of the Strata Property Act, which provides as follows:
Bylaws relating to sale of strata lot 122.
The strata corporation may pass a bylaw governing activities relating to the sale of a strata lot, including locations for the posting of signs and times for the showing of common property and holding of open houses, but the bylaw may not prohibit or unreasonably restrict those activities.
All is not lost; there are ways for owners of a Strata Corporation to legally take charge and that is by making some simple bylaw changes to empower the Strata Council. Here are some suggestions to ponder:
1.An owner must provide a copy of their listing to the management company.
2.Only allow a for sale sign to be put up when the listing goes live.
3.Have the sign removed by the sold (not possession date), expired, cancelled or terminated, date.
4.Invoice the REALTOR® $20/day for advertising outside of these allowed times.
5.Do not allow a Buyers REALTOR® to also put up a sign.
6.Have maximum sign sizes.
7.Prescribe fines for all of the above.
This means that the listing REALTOR® would need to obtain and read the bylaws to know what the rules are for signs, lock boxes, move in/out procedures, open houses, full extent of restrictions, etc., or else it could cost them.
As I do my business in the Tri-cities of Coquitlam, Port Coquitlam, Port Moody and surrounding areas of Metro Vancouver, I can't tell you the number of times I see the need for some regulations; too bad!
If you have any questions about strata corporations, leaky condos, etc., give me a call: 778-878-0778, or email.
DISCLAIMER: John Grasty disclaims liability for any damages or losses, direct or indirect that may result from use of or reliance on, information and opinions contained in this website or blog posts, or for accuracy of comments and opinions of visitors. Always seek the qualified advice of a professional.
(formerly the Adoxographist's Blog)
...skilled writing about an unimportant subject, or is that unskilled writing about an important subject?
Well I don't know so as things unfold please judge for yourself...
...don't forget to leave a comment, and thanks for visiting.
John Grasty is a REALTOR® serving the Tri-Cities (Coquitlam - Port Coquitlam - Port Moody) real estate market.
Please check out John's website: http://www.RealEstateEvolved.com
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.