To whom must a licensee disclose that they are acting on their own behalf?

A licensee is required to disclose that they are acting on their own behalf to the public to ensure transparency and maintain ethical standards within real estate transactions. This disclosure is crucial because it informs all parties involved that the licensee has a personal interest in the transaction, which may affect their professional judgment and the advice given. By making this disclosure, the licensee upholds trust and honesty in their dealings, allowing the public to make informed decisions when engaging in real estate matters.

While there are various parties involved in real estate transactions, such as property owners and mortgage lenders, the fundamental requirement is to ensure that the general public is aware of the licensee's self-interest. This practice helps prevent any potential conflicts of interest and demonstrates a commitment to fair dealing in the marketplace.