Final answer:
When a licensee has no experience with a type of property a potential buyer is interested in, it is important for the licensee to inform the buyer of their limited experience to manage expectations.
The correct option is C. Inform the potential buyer that the licensee has limited experience with this type of property
Step-by-step explanation:
When a licensee is contacted by a potential buyer interested in purchasing an investment property but has no experience with this type of property, the licensee should inform the potential buyer that they have limited experience.
Option C is the correct choice: Inform the potential buyer that the licensee has limited experience with this type of property. This shows honesty, and transparency, and helps manage the expectations of the potential buyer. It is important for the licensee to provide accurate and honest information to avoid any legal or ethical issues.
The licensee should not discourage the potential buyer from purchasing an investment property (option B) as this would not be in the best interest of the potential buyer. Discouraging the buyer could potentially limit their opportunities and undermine the licensee's role as a professional.
The correct option is C. Inform the potential buyer that the licensee has limited experience with this type of property