Under TRESA and RECO regulations, what must a real estate registrant do when they discover a potential title defect during a transaction?
Correct Answer
B) Immediately disclose the defect to their client and recommend legal advice
TRESA requires registrants to act in their clients' best interests and provide competent service, which includes immediately disclosing any discovered title defects and recommending that clients obtain appropriate legal advice to address the issue properly.
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