Final answer:
A listing agent in a real estate transaction must disclose relevant material facts, sources of compensation, and laws and regulations related to the transaction.
Step-by-step explanation:
The listing agent in a real estate transaction is required to disclose two important things to all parties involved:
- Relevant material facts and all sources of compensation: The listing agent must inform all parties about any material facts that may affect the decision to buy or sell the property. This includes information about the condition of the property, any defects, or any other significant details. Additionally, the agent must disclose all sources of compensation they will receive in the transaction.
- Laws and regulations related to real estate transactions: The listing agent must disclose any laws or regulations that may affect the transaction. This includes information about zoning laws, building codes, and any other legal requirements. By disclosing these laws and regulations, the agent ensures that all parties are aware of their rights and responsibilities.