Does a licensee need to make a disclosure of the agency relationships he or she is involved with if the property being transacted is commercial property? Select one: a. Yes b. No c. Yes, if licensee is operating as an intermediary d. No, if the property is being purchased through a lease and buy back contract Does a licensee need to make a disclosure of the agency relationships he or she is involved with if the property being transacted is commercial property? Select one: a. Yes b. No c. Yes, if licensee is operating as an intermediary d. No, if the property is being purchased through a lease and buy back contract