What must real estate brokers disclose to their clients?

Real estate brokers have a fiduciary duty to their clients, which compels them to act in the best interests of their clients. Disclosing any material defects or issues with a property is essential because it relates directly to the property's value and the client's ability to make an informed decision. Material defects can significantly affect a buyer's desire to purchase a property and may even pose safety risks. Therefore, full transparency about these issues is legally required in many jurisdictions, including West Virginia, to ensure that clients are well-informed about what they are potentially purchasing. Failing to disclose such defects could lead to legal ramifications for the broker and create financial repercussions for the client.

While the other factors, such as commission structures, personal relationships, and market history, may be relevant in specific situations, they do not have the same critical impact on the buyer's decision-making as the disclosure of material defects does. Material deficiencies directly relate to the quality and safety of the property, making this disclosure a fundamental obligation for brokers.