What must be disclosed to property owners to avoid losing your real estate license?

Disclosing your true position as a licensee is essential in real estate transactions to maintain the integrity of the profession and to ensure transparent dealings. This requirement emphasizes the importance of clear communication between the licensee and the property owner. When you disclose your role, including whether you are representing the buyer, seller, or acting as a dual agent, it helps build trust and fosters a professional relationship.

Accurate representation allows property owners to make informed decisions, as they will understand the dynamics of the transaction and the responsibilities you hold. Failure to disclose your true position can lead to conflicts of interest, mistrust, and potential legal ramifications, which could ultimately result in disciplinary actions against your real estate license.

While financial interests, received offers, and market value are important aspects to discuss in transactions, it is the honest overview of your position as a licensee that is pivotal in ensuring compliance with real estate regulations and protecting your professional standing.