Which of the following must be included when a licensee is acting as a principal in a transaction involving immediate family?

When a licensee is acting as a principal in a transaction involving immediate family, it is essential to include the disclosure of their license status. This requirement ensures transparency in the real estate transaction and helps protect all parties involved. By disclosing their license status, the licensee informs the other party that they are a licensed professional, which can influence the dynamics of the transaction.

Additionally, this disclosure is important to uphold ethical standards and comply with regulatory requirements. It allows the other party to make an informed decision about the transaction, knowing they are dealing with someone who has formal training and expertise in real estate. Failure to disclose this information could lead to misunderstandings later and may result in potential legal issues for the licensee.

The other options, while they address different aspects of transactions involving licensees and immediate family, do not fulfill the specific requirement of disclosure that underpins trust and professionalism in real estate dealings. Understanding this nuance reinforces the concept that transparency is crucial in maintaining ethical practices within the industry.