What does Subsection (3) specify regarding Limited Licensees?

Subsection (3) specifies contract limitations for Limited Licensees, which highlights the specific boundaries and conditions under which these licensees can operate. This limitation is crucial as it ensures that Limited Licensees do not exceed their authorized scope of practice, protecting both the licensee and the clients they serve. By adhering to these contract limitations, Limited Licensees are guided in their professional conduct, ensuring compliance with regulatory standards.

The focus on contract limitations prevents misunderstandings and potential legal issues, emphasizing the importance of clear parameters in professional relationships. This approach helps to maintain integrity in the condominium management industry and assures stakeholders that Limited Licensees will operate within defined legal and professional constraints.

While the other options may cover relevant topics in the broader context of condominium management, they do not directly capture the essence of what Subsection (3) outlines with respect to the operations of Limited Licensees. The emphasis here is specifically on the legal framework governing the actions that Limited Licensees are permitted to take, which is key to maintaining professional standards and regulatory compliance.