BC Real Estate Trading Services Licensing Exam Practice · Question
A buyer client asks their licensee for advice on the specific legal implications of a restrictive covenant found on the property's title. What should the licensee do?
Licensees are not legal professionals and should not offer legal advice. Their duty is to identify the existence of such interests and advise clients to seek in
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Question: A buyer client asks their licensee for advice on the specific legal implications of a restrictive covenant found on the property's title. What should the licensee do?
Answer options:
- Explain the common implications of restrictive covenants based on their experience. ✅ Advise the buyer to consult with a legal professional.
- Ignore the question, as it's outside the scope of real estate services.
- Provide a general opinion but disclaim liability.
Correct answer: Advise the buyer to consult with a legal professional.
Explanation: Licensees are not legal professionals and should not offer legal advice. Their duty is to identify the existence of such interests and advise clients to seek independent legal counsel for specific interpretations and implications.
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Question explanations
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- A buyer, David, has entered into a Contract of Purchase and Sale for a vacant lot in Tofino. David's lawyer di
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