In which situation must Broker A disclose his interest when selling property to Buyer B?

In which situation must Broker A disclose his interest when selling property to Buyer B?

• A. Broker A's brother-in-law owns the property, Broker A owns the property and Corporation C owns the property and Broker A is part owner of the corporation
• B. Broker A has no direct or indirect interest in the property
• C. Broker A has previously sold the property
• D. Broker A is only the listing agent with no other interests

Answer: (A)

If Broker A's brother-in-law owns the property, it is considered a direct interest and must be disclosed. If Broker A owns the property, it is also a direct interest and must be disclosed. If Corporation C owns the property and Broker A is part owner of the corporation, this is considered an indirect interest and must also be disclosed. Options B, C, and D do not require Broker A to disclose any interests as there is no direct or indirect involvement in the property in those situations.

If Broker A's brother-in-law owns the property, it is considered a direct interest and must be disclosed. If Broker A owns the property, it is also a direct interest and must be disclosed. If Corporation C owns the property and Broker A is part owner of the corporation, this is considered an indirect interest and must also be disclosed. Options B, C, and D do not require Broker A to disclose any interests as there is no direct or indirect involvement in the property in those situations.