Contracts
The TREC contract's 'paragraph 4' addresses the license holder disclosure required when a real estate agent has a personal interest in the property. This disclosure:
AIs optional if the agent has less than a 10% interest
BIs mandatory whenever a licensee has a personal interest in the property being purchased or sold✓ Correct
COnly applies when the agent is the sole owner
DIs made to TREC only, not the other party
Explanation
TREC rules and the contract require that any real estate licensee who has a personal financial interest in the property being transacted (as buyer, seller, or otherwise) must disclose their licensed status and the nature of their interest to all parties.
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