Agency
A Tennessee principal broker who personally participates in a transaction as the seller or buyer must:
AWithdraw from the broker role and have another broker handle the transaction
BDisclose their licensed status and any interest they have in the property to all parties✓ Correct
CTransfer the listing to a cooperating broker
DObtain TREC's prior written approval
Explanation
When a principal broker is personally involved as a party to a transaction, Tennessee license law requires disclosure of their licensed status and personal interest. This ensures all parties are aware of the principal broker's professional knowledge and position.
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