Yesterday’s question:
Condominium lots (strata title) can be sold on privately held leased lands.
False. You can only sell condos on leased land if the land is owned by a public authority, First Nation or university.
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Today’s question:
A Real Estate Developer in British Columbia must be licensed by the Urban Land Institute?
True or False?
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Answer tomorrow morning.
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Get the answers from the experts: Herb Auerbach and Michael Mortensen will be teaching Real Estate Development from the Inside Out on Mondays from Feb 16 to Mar 19. More here from the SFU City Program.
False. I believe the ULI is a society, not any kind of regulatory body.