What must a seller do regarding known material defects?

A seller is legally and ethically obligated to disclose known material defects to potential buyers. Material defects are issues that could affect the value or desirability of a property, such as structural problems, plumbing issues, or hazardous materials like lead paint or mold. This obligation ensures that buyers can make informed decisions based on the condition of the property.

By disclosing these defects, sellers not only comply with legal requirements but also foster trust and transparency in the transaction. This practice helps to prevent future disputes or legal complications that could arise if a buyer discovers undisclosed issues after the sale. Hence, disclosing known material defects aligns with the principles of honesty and fairness, which are foundational to real estate transactions.