What information is required in a seller's disclosure statement?

The seller's disclosure statement is a vital document in real estate transactions, designed to inform potential buyers about the condition of the property. The correct choice highlights that sellers are required to disclose any known material defects and issues regarding the property. This obligation ensures transparency and allows buyers to make informed decisions. For example, if there are problems such as plumbing issues, roof leaks, or pest infestations, it is the seller’s responsibility to declare these issues upfront.

The disclosure statement serves to protect both parties in the transaction, as it helps prevent disputes over undisclosed problems after the sale. The other options do not pertain to the specific information required in a seller's disclosure statement. For instance, exclusive rights to the property and exclusive listing agreements are related to the contractual relationship between the seller and the broker rather than disclosures about the property itself. Similarly, while the history of prior ownership might be of interest to buyers, it is not mandated to be part of the disclosure statement as it doesn’t directly inform buyers about the current condition or material issues of the property being sold.