Which of the following is NOT a regulatory obligation to clients and customers?

Providing independent legal advice to clients is not a regulatory obligation for real estate professionals. While it is important for clients to have a full understanding of the legal implications of their real estate transactions, the responsibility to provide independent legal advice lies with legal professionals, such as attorneys, rather than real estate agents or brokers.

In contrast, disclosing representative capacity is crucial, as clients must understand the nature of the relationship they share with their representative. Delivering agreements, offers, and statements is also mandatory, ensuring that all parties have access to critical documentation relevant to their transactions. Moreover, the obligation to account means that professionals must handle funds and transactions transparently and ethically, providing accurate records and statements regarding financial matters. Thus, while fostering informed clients is essential, the duty to offer independent legal counsel does not fall within the regulatory responsibilities of a real estate professional.