A licensee with an agency representation agreement with a buyer must fulfill what obligation when showing another company's listing?

When a licensee has an agency representation agreement with a buyer, they are obligated to disclose their agency relationship when showing another company's listing. This requirement stems from the ethical and legal principles surrounding real estate transactions, which aim to ensure transparency and protect all parties involved.

By disclosing the agency relationship, the licensee reinforces trust with both the buyer and the seller. It makes clear to the seller that the agent represents the buyer's interests, which is particularly important when negotiating terms, presenting offers, or discussing property details. This transparency helps to avoid misunderstandings and potential conflicts of interest.

The other options address various aspects of real estate practice, but they do not fulfill the obligation of disclosure that is crucial when representing a buyer in a transaction involving another company's listing. Keeping the buyer's identity secret could hinder effective negotiations and communication. Informing the seller only if the buyer is interested does not fulfill the necessary disclosure requirement during the showing. Providing the seller with the buyer's financial information is typically not required and could violate the buyer's privacy or trust. Thus, disclosing the agency relationship during showings is the proper and required action.