What is a key factor that must be disclosed by a broker to a seller when selling property?

A key factor that must be disclosed by a broker to a seller when selling property is known defects of the property. This is critical because brokers have a legal and ethical obligation to ensure their clients are aware of any issues that could affect the value or desirability of the property. Known defects can include structural issues, plumbing problems, or environmental hazards, all of which can significantly impact the buyer's decision and the property's marketability.

Disclosing known defects helps to promote transparency and build trust in the transaction, as it allows the seller to address these issues upfront, perhaps even improving the property’s condition before showing it to potential buyers. Moreover, failure to disclose such defects could lead to legal repercussions for the broker and damage to their reputation in the real estate market.

While current loan information, previous owner history, and personal interest in the property may be relevant in certain contexts, they do not directly impact the immediate condition or structural integrity of the property in the same way that known defects do. Thus, they are not prioritized in the same manner as necessary disclosures about the property's condition.