What must brokers disclose to buyers regarding properties?

Brokers are required to disclose any known material defects to buyers regarding properties. This obligation stems from the principle of full disclosure in real estate transactions, aimed at protecting both parties involved. A material defect is defined as a significant issue that could affect the property's value or the buyer's decision to purchase. Examples include structural problems, plumbing issues, or problems with the roof, which could significantly impact the safety, usability, or desirability of the property.

By ensuring that buyers are informed about these issues, brokers help facilitate transparent transactions where all parties understand the condition of the property. This not only satisfies legal requirements but also fosters trust in the broker-client relationship and can prevent potential legal disputes in the future.

While the other options, such as price history, future development plans, and property tax assessments, may be useful for buyers, they do not carry the same legal weight concerning required disclosures related to the physical condition of the property itself. Disclosing material defects is a fundamental protection aimed at ensuring that buyers are making informed decisions based on the property's true state.