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Professional Standards Manual

Trading Services

4. General Information

(a) Contract Clauses - View Entire Section

(XXV) Health and Environmental Concerns - View Subsection
(2) Special Knowledge Areas

**Alert**

Licensees should ensure that the public understands the scope of potential issues of concern. Clients and customers should be encouraged to disclose to the licensee particular issues they may wish to incorporate into any contract. Licensees must stress that it will be the client’s responsibility to research those issues to their satisfaction.

Just as there are different specialties within the real estate industry, so there are differences between urban and rural real estate practices, many of which can represent potentially dangerous liabilities for the practitioner who does not acquire local knowledge. A referral to a local professional may be the most responsible step to take on behalf of a buyer or seller.

The following section deals with some of the issues facing licensees in various areas of B.C. There may be additional local issues with which a licensee must be familiar. It is up to the licensee to research the local area, obtain advice, and ensure that the buyers and sellers with whom he or she is working are informed of all pertinent concerns.

The following list suggests a few of the issues which may require investigation. The Professional Standards Manual deals with some of these topics, but the prudent licensee will investigate further: