What must agents disclose to clients?

Agents are required to disclose any material facts and conflicts of interest to their clients to uphold transparency and trust in the agency relationship. This obligation ensures that clients are fully informed about any information that could significantly affect their decision-making. Material facts may include issues related to the property, such as defects or liens, while conflicts of interest arise when an agent has a stake in the outcome that could sway their advice or actions.

By providing this critical information, agents help clients make informed decisions and protect their interests, which is a foundational principle of agency practice. This practice fosters an ethical standard that strengthens the agent-client relationship.

The other options presented do not align with the core duties of disclosure required of agents. Personal anecdotes do not provide essential information relevant to the transaction, while an agent's personal financial history is generally irrelevant to the client's decision-making. Similarly, the selling price of similar properties may be important, but it does not pertain directly to disclosure requirements concerning material facts or conflicts of interest. Therefore, the correct choice centers on the necessity for agents to communicate any material facts and conflicts of interest transparently.