What must a selling broker be aware of when inspecting property on behalf of a purchaser?

When a selling broker inspects a property on behalf of a purchaser, being aware of evidence of water in the basement is crucial because it directly relates to the property's condition and potential issues that could affect its value and habitability. Water intrusion can lead to serious problems, such as mold growth, structural damage, and deterioration of building materials. A broker should be vigilant about such issues, as they can greatly impact the buyer's decision, and also lead to potential liabilities for the broker if such problems are not disclosed.

While current market trends, historical price changes, and neighborhood demographics are important for understanding the broader context of the real estate market and can help inform the buyer’s decisions, they do not directly pertain to the physical condition of the property. Assessing the property's condition, particularly issues like water intrusion, is a more immediate concern that a selling broker must address to protect the interests of the buyer.