Under what conditions can a license holder disclose their representation?

The correct answer pertains to the expectation that a license holder must disclose their representation at the very first interaction with a potential client, regardless of whether that interaction is oral or written. This requirement established by the Texas Real Estate Commission emphasizes transparency and ensures that all parties are aware of the license holder's role in the transaction from the outset.

This early disclosure is crucial because it sets the foundation for trust and clarity in the relationship between the license holder and the parties involved. It also aligns with the ethical guidelines and legal obligations that govern real estate practices in Texas, which prioritize the interests and rights of clients and customers.

In contrast, the other options suggest limitations on when disclosure can take place. For instance, waiting until a contract is signed or until a final agreement is reached defers the necessary clarity that should be provided at the beginning of the relationship. Disclosing representation only after a contract would not fulfill the duty of informing the other party about potential conflicts of interest or the role of the license holder, which could compromise the integrity of the transaction. This is why the first interaction, as the point of disclosure of representation, is so essential.