4.  The licensee shall not, on behalf of a client, give anything to an owner or mortgagee that the client is required to give to an owner or mortgagee under the Condominium Act, 1998 except with the prior approval of the supervising licensee mentioned in paragraph 1.

5.  The licensee shall not sign status certificates under the Condominium Act, 1998 on behalf of a client.

6.  The licensee shall not make expenditures out of, invest or otherwise make dispositions of a client’s reserve fund.

7.  The licensee shall be employed by no more than one condominium management provider unless the licensee has obtained the consent, in the form or manner approved by the registrar, of all condominium management providers that employ the licensee.

(2) The licensee may do an action described in paragraph 2 or 3 of subsection (1) without the prior approval of the supervising licensee mentioned in paragraph 1 of that subsection if it is necessary to ensure the immediate safety or security of persons using the property, as defined in subsection 1 (1) of the Condominium Act, 1998, with respect to the client or the assets, if any, of the client or to prevent imminent damage to that property or those assets.

(3) If a condominium management provider enters into a contract with a client governing the condominium management services that a limited licensee whom the provider employs is to provide to the client on behalf of the provider,

(a)  nothing in this section authorizes the licensee to do anything that the contract prohibits the licensee from doing; and

(b)  nothing in the contract authorizes the licensee to do anything that this section prohibits the licensee from doing.