Full disclosure

When all the facts are revealed about a property’s condition, sale or financing

There are both federal and state laws that require that the broker, seller and lender make certain information readily available to the buyer - anything that can affect the buying decision.

For example,
(1) a seller should tell a home buyer if there are any problems with a property and
(2) before a broker can charge a commission, the buyer/seller must be informed and agree to the terms.