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Agency Relationship


COLDWELL BANKER HORIZON REALTY and its Strata Managers work within a legal relationship called Agency. This relationship exists between the Strata Corporation as the Principal and Horizon Realty as the Agent through its Strata Managers, who are licensed under the Real Estate Services Act. The essence of the agency relationship is that the Agent has the authority to represent the Principal in dealing with others and while doing so must act within the legal guidelines provided.Coldwell Banker Horizon Realty and its Strata Managers are legally obligated to protect and promote the interests of their principals as they would their own.Specifically, Coldwell Banker Horizon Realty has the following duties:

  • Undivided Loyalty – the Agent must protect the Strata Corporation’s position at all times, and disclose all known facts which may affect or influence the decisions made by the Strata Council on behalf of the Strata Corporation.
  • To obey all lawful instructions of the Principal
  • An obligation to keep the confidences of the Principal
  • To exercise reasonable care and skill performing all assigned duties
  • To account for all money and property placed in the Agent’s hands while acting for the Principal.

You can confidently expect competent service from your strata Manager, knowing that the company is bound by professional ethics and the law to be honest and thorough in representing your Strata Corporation.