What does the term "material facts" refer to in real estate?

The term "material facts" in real estate refers to information that could affect a buyer's decision regarding the purchase of a property. This includes any details about the property that would influence a buyer's evaluation or perception of its value, suitability, or desirability, such as structural issues, zoning laws, or the history of the property. When agents or sellers disclose material facts, they help ensure that buyers can make informed choices, promoting transparency and trust in the transaction.

In contrast, irrelevant information related to the sale does not impact the buyer's decision and thus is not considered a material fact. Legal liability focuses on the responsibilities of the seller rather than specific details that would influence a buyer's judgment. General market trends, while informative, do not pertain directly to the specific characteristics or issues related to the property itself and therefore do not qualify as material facts.