Fraud

Definition: Intentional deception or dishonest conduct used to obtain an improper benefit or induce another person's action.

Example

A seller knowingly supplies a fabricated inspection report to persuade a buyer to close.

Keep the distinction clear

A mistaken statement is not automatically fraud, although negligent misrepresentation can still have consequences. Required legal elements depend on the claim or disciplinary provision.

Related terms

Misrepresentation · Concealment · Culpable Negligence

Keep studying

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

References: Florida Statutes 475.25: discipline and escrow disputes · Florida Statutes 475.278: brokerage relationships and duties

Pronunciation (US): FRAWD (capitals show stress)

Pronunciation reference: Merriam-Webster