If a licensee is a party to any real estate transaction, what must they disclose in the contract?

In a real estate transaction where a licensee is a party, it is essential for them to disclose their license status in the contract. This requirement ensures transparency and allows all parties involved to be fully aware of the licensee's professional credentials. By disclosing their license status, the licensee provides important context regarding their qualifications, experience, and compliance with applicable regulations.

The law is designed to protect the interests of all parties in the transaction by making it clear who is acting in a professional capacity and who's potentially benefiting from the deal. This disclosure helps prevent conflicts of interest and enhances trust in the transaction process.

The other options do not fulfill this vital legal requirement. Being an interested party, discussing property details, or revealing information about other parties might be important in different contexts, but they do not relate directly to the obligation of a licensee to declare their professional status in the contract. Hence, the focus on license status is crucial in maintaining ethical standards within the real estate profession.