Practice of Real Estate
A licensee should disclose their licensee status when:
- aOnly when representing a buyer
- When buying or selling property for their own account
- cNever — personal transactions are private
- dOnly if the other party asks
Answer: B · When buying or selling property for their own account
A licensee must disclose their license status when dealing in real estate for their own account, so the other party knows they are dealing with a professional. Common trap: students think personal transactions exempt the licensee from disclosure; the status must still be revealed.
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