Exam term
Material fact
A fact that could affect a reasonable person's transaction decision or the property's value or desirability, such as known recurring foundation problems or leaks.
Lessons that use this term
- Agency relationships in California: seller's, buyer's, and dual agents California
- Duties to non-client third parties: honesty and material facts California
- Misrepresentation, fraud, and negligence liability of agents California
- Material facts, inspections, and reports California
- Fiduciary duties, duties to other parties, and misrepresentation New York
- Single agency: seller and landlord agency, buyer and tenant agency, and the broker's agent New York
- Duties to customers and third parties: honesty, disclosure, and misrepresentation Texas
- Antitrust, fraud, and misrepresentation Texas
- Property and environmental disclosure obligations and liability Texas