Connecticut Real Estate Practice Exam 2025 – Complete Prep Guide

Disclosing facts that affect the property's value is a fundamental duty of a licensee in real estate transactions. This responsibility is rooted in the principle of transparency and ethical conduct in dealings with buyers and sellers. Material facts can include information about the property's condition, zoning issues, history of flooding, or any other element that could influence a buyer's decision or the market value of the property.

When a licensee fails to disclose such facts, they may be opening themselves up to legal repercussions, as buyers have the right to make informed decisions based on the complete picture of what they are purchasing. By providing this important information, licensees protect not only their clients’ interests but also their own professional reputation and adherence to legal standards.

Remaining neutral, keeping information confidential, and providing legal advice are not the primary responsibilities that are linked to the duty of disclosure concerning material facts. While confidentiality is crucial, it does not override the obligation to disclose relevant information that impacts a buyer's understanding of the property. Advising clients on legal matters is generally outside the scope of a real estate licensee's expertise and should be referred to qualified legal professionals.