Which of the following best describes the duty of care owed by a real estate professional to their client?
Correct Answer
B) Using professional skill, knowledge, and judgment to protect client interests
The duty of care requires real estate professionals to use their professional skill, knowledge, and judgment to protect their client's interests. This includes providing competent advice and acting with reasonable care and diligence.
Why This Is the Correct Answer
Option B correctly captures the essence of duty of care as defined in Canadian real estate legislation. Provincial acts like TRESA and RESA specifically require registrants to use professional skill, knowledge, and judgment when serving clients. This standard reflects the reasonable professional test - what would a competent real estate professional do in similar circumstances? The duty encompasses providing informed advice, conducting proper due diligence, and actively protecting client interests through the application of professional expertise and market knowledge.
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- → Which of the following best describes the duty of confidentiality owed by a real estate agent?
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