DRE & Licensing
Under California law, a real estate licensee is required to disclose their license status in which of the following situations?
AOnly when selling commercial property
BWhen buying, selling, or leasing property in which they have a personal interest✓ Correct
COnly when acting as a buyer's agent
DOnly when earning a commission greater than 6%
Explanation
California Business and Professions Code Section 10177 and the DRE regulations require a licensee to disclose their licensed status when they have a personal interest in a transaction — for example, when buying or selling property for themselves. Failure to disclose can be grounds for license discipline.
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