Material Facts. 6.1 The Principal acknowledges that pursuant to the Property, Stock and Business Agents Xxx 0000, the Licensee is required to disclose all “material facts” relating to the property to any prospective or actual purchaser. A “material fact” is a fact that would be important to a reasonable person in deciding whether or not to proceed with a particular transaction or a matter prescribed by the Act.
Appears in 8 contracts
Samples: Agency Agreement, eac.com.au, eac.com.au
