Which regulation outlines the conditions for Limited Licensees?

The correct regulation that outlines the conditions for Limited Licensees is Ontario Regulation 123/17. This regulation specifically addresses the framework and criteria under which individuals who hold a limited license can operate within the condominium management sector in Ontario. It includes stipulations regarding qualifications, the scope of practice, duties, and responsibilities of Limited Licensees, ensuring that they adhere to specific standards in performing their roles.

Understanding this regulation is crucial because it provides clarity on what is expected of Limited Licensees, helping to maintain professional integrity and safeguarding the interests of condominium corporations and their owners. Knowing the correct regulation helps individuals in the condominium management field to comply with legal requirements and ensures they have the right guidance and regulations to refer to in their practice.

The other options listed pertain to different aspects or regulations within the context of condominium management but are not specifically focused on the conditions for Limited Licensees. This distinction underscores the importance of understanding which regulations apply to specific roles within the industry.