What must a real estate salesperson disclose during a property showing?

Prepare for the Indiana Real Estate Commission Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

A real estate salesperson is obligated to disclose any known material defects regarding the property during a showing. This requirement is rooted in the ethical and legal responsibilities of the salesperson to ensure that potential buyers are fully informed about any issues that could affect the value, safety, or desirability of the property. By disclosing material defects, the salesperson helps to protect both the buyer and sellers from future disputes that may arise from undisclosed issues.

Material defects typically include problems such as structural damage, plumbing issues, electrical failures, or anything that could impact the property's habitability or lead to significant financial implications for the buyer. This level of transparency is crucial because it allows buyers to make informed decisions and fosters trust within the real estate transaction process.

In contrast, personal opinions about the neighborhood, the seller’s asking price, and the history of previous listings may not be legally required to be disclosed and could be seen as subjective or less critical to the buyer's evaluation of the property. Therefore, the disclosure of known material defects is a fundamental obligation that prioritizes the integrity and safety of the real estate transaction.

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