Exam term
Hidden defect
A significant property defect that is not readily observable, also called a latent defect. A licensee who knows of one generally must disclose it, and a buyer's planned inspection does not excuse the disclosure.
Exam term
A significant property defect that is not readily observable, also called a latent defect. A licensee who knows of one generally must disclose it, and a buyer's planned inspection does not excuse the disclosure.