Which of the following is a level of disclosure?

The option indicating that the other party is represented by another brokerage relates to a specific level of disclosure in real estate transactions. This scenario involves acknowledging that while one party is working with a specific agent or brokerage, the other party is not being represented by the same brokerage, which implies that there is a necessary transparency regarding the representation.

This level of disclosure is important because it informs all parties involved about who is representing whom, helping to manage expectations and potential conflicts of interest. In situations where one agent is representing the seller and another agent, from a different brokerage, represents the buyer, it is vital for both parties to understand this relationship clearly to ensure fair dealings and compliance with ethical standards.

In contrast, the other options do not effectively illustrate a clear level of disclosure. The representation of both the buyer and seller by the same agent indicates dual agency, which is a different concept focused on the implications of such representation rather than a straightforward level of disclosure. An agent having limited knowledge suggests a lack of sufficient information to disclose, which is not a level of disclosure but rather a limitation in the agent's knowledge. All parties being clients of the same brokerage also relates more to agency relationships rather than an explicit level of disclosure about representation and relationships within a transaction.