What must Terry disclose if he is providing both real estate and loan negotiation services?

When providing both real estate and loan negotiation services, it's essential for Terry to disclose that he will receive compensation for both services. This is important for transparency and to maintain trust with all parties involved. By informing clients that he is earning fees from both aspects of the transaction, Terry ensures they understand any potential conflicts of interest that may arise from dual compensation. This requirement aligns with ethical guidelines in the real estate profession whereby professionals must be upfront about their financial interests to allow clients to make informed decisions.

Other options, while they may have merit in different contexts, do not address the crucial aspect of dual compensation. Disclosing the real estate license number is a standard practice but does not convey information about compensation models. Similarly, while understanding the type of compensation model can be significant, it does not specifically highlight the fact that he will earn fees from both services. Lastly, while transparency about the parties involved in the contract is important, it does not directly relate to the aspect of compensation. Thus, the correct disclosure focus is on informing clients of receiving compensation from both real estate and loan negotiation services.