Which of the following is required of limited service agents?

Limited service agents are required to disclose any material facts they are aware of in a real estate transaction. This obligation is essential because it protects the interests of all parties involved and ensures informed decision-making. Material facts refer to any information that could affect a buyer's or seller's decision, such as significant defects in a property, issues with title, or changes in the surrounding area that might influence property values.

By mandating that limited service agents disclose material facts, the law upholds the integrity of the real estate transaction process, promoting transparency and fairness. This requirement helps maintain trust between agents and their clients, as well as between buyers and sellers.

In contrast, the other options reflect misunderstandings of the responsibilities of limited service agents. They are not exempt from regulatory disclosures, must adhere to training standards, and are allowed to represent both buyers and sellers in different transactions or under different agreements. Understanding these responsibilities is critical for both agents and clients in order to foster a professional and ethical real estate environment.