Material Fact

Definition: A material fact is information significant enough to affect a reasonable decision about a property or transaction.

Example

A known recurring roof leak that is not readily observable can materially affect a home's value.

Keep the distinction clear

Florida licensees' residential disclosure duties include known facts materially affecting value that are not readily observable. That duty differs from a promise to discover every hidden defect.

Related terms

Puffing · Single Agent · No Brokerage Relationship

Keep studying

Florida Property Disclosures: Deaths, Stigma, and Direct Buyer Questions

References: Florida Statutes 475.278: brokerage relationships and duties

Pronunciation (US): muh-TEER-ee-uhl fakt (capitals show stress)

Pronunciation reference: Merriam-Webster