Final answer:
The statement is false because Proprietors of a proprietary colony had multiple responsibilities beyond just collecting profits.
Step-by-step explanation:
The statement that in a proprietary colony, the Proprietors have no responsibilities except to collect the profits is false. Proprietors in such colonies had a range of responsibilities. They were not only investors but also had obligations such as maintaining the colony, establishing a government, creating laws in accordance with English law, managing relations with Indigenous peoples, and often overseeing defense and trade. The role of the Proprietors was thus more complex than merely profiting from the colony.
Real estate professionals are expected to provide comprehensive information to their clients, including any potential negatives associated with a property such as proximity to less desirable landmarks. Failure to do so might lead sellers to believe that their interests were not adequately represented. Communication and transparency are essential in these professional relationships.