What does the "duty of disclosure" require from agents in property listings?

Prepare for the Agent Roles and Obligations in Maryland Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The duty of disclosure in property listings requires agents to disclose all relevant information about a property, including any defects or issues that might affect a buyer's decision or the property's value. This obligation stems from the need for transparency and honesty in real estate transactions, which are governed by fiduciary duties agents owe to their clients.

By fully disclosing relevant information, agents help ensure that buyers can make informed decisions. This duty protects both the buyer and the agent, as failing to disclose important information could result in legal liability for misrepresentation or deceit.

The other options do not align with the ethical and legal standards expected of agents. Only disclosing positive information would mislead buyers. Withholding information to close a sale not only compromises the agent's integrity but could also lead to legal consequences if the buyer later discovers undisclosed defects. Disclosing information only upon request undermines the agent's proactive responsibility to inform their clients of all material facts, rather than waiting for clients to ask pointed questions. Thus, the correct answer emphasizes the comprehensive nature of the duty of disclosure that agents must uphold.

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