The duty of disclosure of an agency relationship is not triggered by which of the following occurrences?

The duty of disclosure of an agency relationship refers to the obligation of a real estate professional to inform all parties involved in a transaction about their role and the nature of their relationship with the client. This duty is particularly important in scenarios where the potential for conflict of interest exists or where transparency can influence decision-making.

Bonafide open house showings typically are considered a general marketing activity rather than a formal negotiation or representation scenario. During an open house, the real estate agent is mainly presenting the property to potential buyers without engaging in negotiations or discussions that directly align with the representation of specific clients. As such, the nature of the interaction in an open house does not typically necessitate the agent to disclose their agency relationship because there is no direct negotiation or discussion of specific terms occurring at that moment.

In contrast, situations like formal property appraisal meetings, negotiations of selling prices, or investment discussions about equity involve direct interactions and potential negotiations where the agent's relationship can influence decisions and outcomes. These scenarios are more likely to trigger the duty of disclosure, as the agent is participating in situations that impact the parties’ interests and decisions significantly.