What information must a broker provide to a buyer under the Indiana Disclosure Law?

Under the Indiana Disclosure Law, brokers are specifically required to provide information about material defects in the property that could affect its value. This includes any issues that could impact the safety, functionality, or marketability of the property, such as structural problems, plumbing issues, or environmental hazards.

The importance of disclosing material defects lies in the ethical duty of the broker to ensure that the buyer is fully informed about the condition of the property they are considering. By revealing these defects, the broker helps protect the buyer's interests and assists them in making a more informed purchasing decision. Transparency regarding material defects is critical for maintaining trust in the real estate transaction process and for preventing potential legal disputes in the future related to undisclosed issues.

The other options, while they contain potentially useful information for a buyer, do not fall under the mandatory disclosures outlined in the Indiana Disclosure Law in the same critical manner as material defects do. For instance, understanding current market trends or comparative prices can inform a buyer's purchasing decisions but doesn't carry the same level of legal obligation as disclosing material defects. Similarly, while details about previous ownership might be interesting, they do not directly impact the immediate condition and potential value of the property in the same way that known defects do.