Which of the following best describes the role of a listing licensee in property disclosures?

The role of a listing licensee primarily revolves around collecting and relaying information that is essential for the sale of a property. This includes gathering property disclosures, which are critical documents that inform potential buyers about the condition of the property, including any known issues or required conditions. By accurately communicating this information to the selling licensee, the listing licensee ensures that both parties are well-informed, which facilitates transparency and helps protect against future legal complications.

While overseeing the sale, managing the closing process, and holding open houses are important activities associated with a listing licensee's responsibilities, they are not as central to the specific function of ensuring proper property disclosures. The emphasis on collecting and relaying information demonstrates a critical aspect of the listing licensee's duty to facilitate informed decision-making in real estate transactions.