A licensee representing a seller does NOT need to disclose to a prospective buyer that the

A licensee must disclose any known material defects in the property, including roof leaks, as they directly affect the property's condition and could influence a buyer's decision or the price they are willing to pay. Failure to disclose such information could lead to legal repercussions for misrepresentation.

The existence of a shared well is a significant fact regarding property use and access that must be disclosed. This type of information affects the buyer's rights and the property's functionality, making it a critical disclosure for potential buyers to consider.

While the availability of utilities like telephone service can be relevant to a buyer's decision, it is not considered a material defect of the property itself. However, if the seller is aware that service is unavailable, it is often prudent to disclose this information to avoid any misunderstandings later in the transaction.