A buyer who is purchasing a property intends to build a chain link fence in the backyard. There is a 12-year-old deed restriction that prohibits chain link fences. The licensee finds out that there are no city codes prohibiting chain link fences. Which of the following statements regarding this situation is true?

This statement is incorrect because while city codes establish public regulations, deed restrictions are private agreements that can impose stricter conditions. In cases of conflict, deed restrictions generally prevail to ensure compliance with the specific terms agreed upon by property owners.

This choice misinterprets the validity of deed restrictions. Deed restrictions do not universally expire after a set number of years; they remain in effect as specified in the original deed unless legally modified or removed. Therefore, the claim that they expire after 10 years is inaccurate and does not apply in this case.

While deed restrictions often take precedence in many cases, the phrasing "always" makes this statement too absolute. There may be situations where city codes, particularly those regarding health and safety, could override deed restrictions. However, in this particular scenario, the existing deed restriction does indeed take precedence.