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Which of the following conditions MUST be met before a license participates in the sale of real property in which the license has an ownership interest.

a. The Pennsylvania Real Estate Commission must be notified of the transaction.

b. The listing agreement must identify the licensee's name and status as a licensee.

c. The licensee must provide written disclosure of the ownership interest to all parties.

d. The percentage of the licensee's ownership interest must be stated on the sales contract.

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