The agent must inform the third party of any material facts that they know about the property. A material fact in a real estate transaction is any fact that is significant or essential to the transaction - that is, any piece of information that could reasonably be expected to influence a prudent individual's decisions regarding the transaction.
This duty requires the agent to disclose latent or hidden defects in the property that may not be identified by an ordinary inspection but could alter the customer's decision regarding the property.
a) True
b) False