What are the disclosure requirements for a real estate agent regarding material facts?

The correct choice emphasizes that real estate agents are required to disclose all material facts as well as all agency relationships. Material facts are any relevant information that might influence a buyer's decision about a property. This can include the property's condition, any outstanding liens, environmental hazards, or other factors that could affect the value or desirability of the property.

The requirement to disclose is rooted in the agent's duty of honesty and integrity, as well as avoiding misrepresentation. Additionally, disclosing agency relationships ensures that all parties involved in the transaction understand who the agent represents and the nature of that representation, which is essential for transparency and trust in the real estate process.

In contrast, other choices suggest more limited disclosure requirements. For instance, only disclosing when asked by the client neglects the agent's proactive obligation to inform clients of all pertinent information, regardless of inquiry. Similarly, limiting disclosure to only known defects or major structural issues would fall short of the broader standards that encompass all material facts, which can significantly influence a transaction. This robust obligation to disclose is crucial to uphold ethical standards and protect the interests of all parties involved.