Under Georgia law, what is a real estate broker required to disclose to the buyer?

A real estate broker in Georgia is required to disclose any known material defects in the property to the buyer. This obligation serves to protect the interests of the buyer and ensures transparency in the transaction. Material defects are issues that would affect the value or desirability of the property, such as structural problems, pest infestations, or issues related to zoning. By disclosing these defects, brokers help buyers make informed decisions, which is in line with the legal standards of honesty and integrity expected in real estate transactions.

The other choices do not represent legal requirements for disclosure under Georgia law. While the selling price of similar properties might provide insight into market conditions, it is not a mandatory disclosure. The commission rate charged is typically a matter of negotiation and would not be necessary to disclose to the buyer unless it directly impacts the transaction. The history of property ownership, while possibly of interest, is not a requirement for disclosure and may not always be relevant to the buyer's decision.