Which statement about disclosures related to value is true?

• A. Disclose only material defects.
• B. Disclose any facts affecting the value of the property.
• C. Disclose gossip about the property.
• D. Disclose confidential information to the public.

Answer: (B)

Disclosures about value require you to reveal any facts that could affect how much a property is worth or how desirable it is to buyers. This includes not only physical problems but also any information that could change a buyer’s perception of value, like upcoming zoning changes, planned or nearby developments, special assessments, or environmental concerns. If a licensee knows such facts, they should be disclosed so the buyer can make an informed decision. Gossip or rumors are not appropriate to disclose, and confidential information should remain confidential rather than being shared publicly. Focusing only on material defects misses other items that can influence value, so disclosing any facts affecting the property's value is the most accurate standard.