A licensee must provide disclosure of licensed status when acting as a principal if:

Disclosure is not contingent upon inquiries made by the other party's agent. A licensee must proactively disclose their status regardless of whether they are asked, ensuring that all relevant information regarding conflicts of interest is shared openly and without prompting.

The lack of errors and omissions insurance does not necessitate disclosure of licensed status. While insurance is important for protecting against claims, it does not impact the obligation to disclose one's licensed status, which is based solely on economic interests in the property.

The mere fact that a relative has lived in the residence does not require disclosure of licensed status. Disclosure obligations are tied to the licensee's economic interests rather than familial connections, which may not inherently present a conflict of interest.