As a licensee selling your own home, what must you do?

Prepare for the Indiana Real Estate Commission Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

When selling your own home as a licensee, you are required to inform prospective buyers, in writing, of your interest in the property. This requirement is in place to ensure full transparency and avoid conflicts of interest. By providing this written disclosure, you are helping to establish trust with potential buyers and ensuring they are aware that you have a professional license and a personal interest in the transaction. This compliance with ethical standards is crucial for maintaining integrity in real estate transactions, protecting both the buyer's rights and your own as a licensee.

The other options do not align with the requirements in this scenario. Advertising the property solely as a licensed agent may mislead buyers about the nature of the sale if the licensee does not disclose their personal stake in the home. Having another broker list the home is not a prerequisite for selling your own property, as a licensed agent can sell their own real estate. Lastly, simply disclosing your status verbally fails to fulfill the written disclosure requirement, which is a vital component of transparency in real estate transactions.

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