In which situation is a consumer information statement NOT required?

A consumer information statement is designed to provide potential buyers or tenants with essential information regarding the services and business practices of a real estate licensee. However, there are specific situations where this requirement does not apply.

In the context of a sublease of a studio apartment for two months, the transaction is typically considered a short-term arrangement, which often falls outside the standard requirements for formal disclosures such as a consumer information statement. This is due to the temporary nature of the lease and the fact that it may not involve significant financial obligations or implications like longer-term leases or property sales.

Therefore, when considering the context of short-term residential leasing—especially when one tenant is subletting their space for a brief period—the requirement for a consumer information statement is generally not mandated. This reflects a focus on significant, long-term financial transactions, which help ensure that all parties are informed and protected in more complex arrangements.