Disclosure of interest in trade: which statement is true?

• A. Disclose that you are licensed
• B. Must be in writing
• C. Made before any agreement is made
• D. Must be in the form required by RE Council

Answer: (B)

When a licensee has an interest in a trade, the important requirement is that this interest is documented in writing. Writing creates a clear, verifiable record that all parties can rely on, which helps prevent misunderstandings and protects clients and the public. Simply saying you’re licensed doesn’t reveal an interest in the specific trade, and timing matters can vary, but the safety and clarity come from a written disclosure. Using a standard form can help with consistency, but the essential point is that the disclosure itself must be in writing, not merely spoken or implied.