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Which of the following is NOT a function of the Manitoba Securities Commission?

a. carries out inspections of broker's records and books
b. administers the REALTORO Code
c. carries out investigations under The Real Estate Brokers Act
d. provides a residential statutory offer to purchase

1 Answer

5 votes

Final answer:

The Manitoba Securities Commission does not provide a residential statutory offer to purchase. Their role involves regulating securities and brokers, carrying out investigations under The Real Estate Brokers Act, and overseeing broker's records and books but not the issuing of real estate documents.

Step-by-step explanation:

The function that is NOT carried out by the Manitoba Securities Commission is providing a residential statutory offer to purchase. The Manitoba Securities Commission is a government agency responsible for regulating and supervising the sale of securities within the province of Manitoba. Its main functions include:

  • Instructing and overseeing the conduct of brokers, dealers, and advisers.
  • Carrying out inspections of broker's records and books to ensure compliance with the law.
  • Executing investigations under The Real Estate Brokers Act, which pertains to real estate brokers and their activities.
  • Administering the REALTORĀ® Code, which sets professional standards for realtors in Manitoba. However, this is separate from issuing any type of residential purchase documents.

Therefore, while the commission does involve itself with activities regarding brokers and securities regulation, it does not directly engage in providing real estate purchase documents, which is typically handled by real estate professionals or lawyers.

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