I wrote about this on another thread, but I bought a long yearling who had a murmur. Had a PPE done, by the seller’s recommended vet (yes, I know, bad decision). She didn’t say a word about it. And there was NO way she didn’t hear it… it was a grade 4-5, and PALPABLE. But that’s neither here nor there.
Anyway, he’s 4 and a half now, and it’s pretty much gone (it may be like a level 1 when he’s been worked REALLY hard, but I haven’t listened in a while). He’s outgrown it, which is common. Did they tell you what grade it is? I took my guy to the big vet hospital, and they did a full cardio workup. They said that at most, it would prevent him from being ultra competitive. Otherwise, he would be fine.
This article helped me decipher what the vets said:
http://largeanimal.vethospitals.ufl.edu/hospital-services/cardiology/heart-murmurs-in-horses/