True or False: A licensee may disclose facts from a past transaction to future buyers.

The statement regarding whether a licensee may disclose facts from a past transaction to future buyers is influenced by the rules and regulations governing real estate practices. The correct answer indicates that a licensee is generally restricted from disclosing information from a past transaction without specific limitations or permissions in place.

In most cases, confidentiality agreements or privacy laws may prevent a licensee from sharing details of previous transactions, as such disclosures could violate the trust and legal obligations owed to previous clients. Therefore, unless there is an exception, such as legal requirements or explicit consent from the current owner, a licensee typically should not disclose past transaction details.

The rationale behind this principle is to maintain the integrity of client relationships and to protect sensitive information, which aligns with the ethical standards mandated within the real estate profession.