What must a transaction broker disclose to the buyer?

A transaction broker has a fiduciary responsibility to act in the best interests of all parties involved in a real estate transaction, while maintaining a neutral position. In this context, the broker is required to disclose all known facts that materially affect the value of the property. This obligation ensures that the buyer has all relevant information that could influence their decision-making process.

Disclosing known facts that materially affect property value goes beyond just providing positive information about the property; it includes any issues or conditions that could negatively impact the property's worth. This transparency helps build trust and promotes a fair transaction by ensuring that buyers are not left in the dark about potentially detrimental aspects of the property.

Other choices do not align with the requirements for disclosure in a transaction broker relationship. For example, focusing solely on market trends or only the legalities would not comprehensively address the buyer's need for information critical to their investment decision.