When listing a property with another firm, what must Broker Z do regarding their interest as an LLC member?

When Broker Z lists a property with another firm, the requirement to disclose their interest as an LLC member is paramount for maintaining transparency and ethical standards in real estate transactions. By disclosing this interest in writing to all parties involved, Broker Z ensures that there is no conflict of interest and that all parties are fully informed about who they are dealing with in the transaction.

This written disclosure is crucial because it helps to build trust between the broker, the seller, and potential buyers. It protects both the broker and the clients by making sure that everyone is aware of any potential influences that may affect the transaction. This practice aligns with the ethical obligations set forth in real estate regulations, which emphasize the importance of transparency and fair dealings.

The other choices do not comply with the ethical and legal standards that govern real estate practices. Remaining silent or only disclosing the interest to the seller would not adequately inform all necessary parties, and notifying the Indiana Real Estate Commission might be an important step in some circumstances, but it does not substitute for the essential transparency required directly in the transaction between brokers and clients.