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

Disclosure is not contingent upon inquiries from the other party's agent; it is a proactive requirement that must be fulfilled regardless of external questions. The obligation to disclose stems from the licensee's own interests and responsibilities, not from the actions of others involved in the transaction.

The lack of errors and omissions insurance does not trigger a requirement for disclosure of licensed status. Insurance status is unrelated to the obligation of disclosure regarding economic interests in a property. Licensees must disclose relevant interests to ensure ethical practices, independent of their insurance coverage.

While familial relationships might raise questions of potential conflicts, they do not automatically necessitate disclosure of licensed status. The requirement for disclosure is specifically tied to the licensee's own economic interests in the property, making this option irrelevant in the context of the question.