Which of the following is NOT a duty a BC brokerage and its licensees owe to a client?
Correct Answer
C) Guaranteeing the property will appreciate
Real Estate Services Rules s. 30 requires a brokerage and its licensees to act in the client's best interests, keep the client's information confidential and disclose known material information, and RESA requires money received for a principal to be paid into the brokerage trust account and properly recorded. Nothing requires, or allows, a licensee to guarantee that a property will rise in value, because future prices depend on market forces no one controls.
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