Final answer:
A licensee must ensure full transparency and disclosure when advertising their own property for sale and must disclose their professional status and property ownership in the advertisement.
Step-by-step explanation:
When a licensee is advertising their own property for sale, it is crucial they adhere to the same ethical standards and legal requirements expected in their profession. This involves full transparency and disclosure, ensuring that all advertising material, including photographs and descriptions, is accurate and not misleading.
Additionally, licensees must make it clear in their advertisements that they are the owners and are also real estate professionals. This candor is necessary to maintain trust and uphold the integrity of the real estate profession. As with any contract or advertisement in the real estate sector, having clear ownership of the property is essential to enter into a contractual agreement to sell the property.