DRE & Licensing
Under California law, when must a real estate licensee disclose their license status to the other party in a transaction?
AOnly if asked
BOnly if they are buying property for investment purposes
CWhenever they are a principal in a transaction (buying or selling for themselves)✓ Correct
DOnly during the first meeting
Explanation
California law requires real estate licensees to disclose their license status whenever they are acting as a principal (buying or selling property for their own account) in a real estate transaction.
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