Adverse material fact definition
Adverse material fact means a fact that would significantly affect the desirability or value of the property to a reasonable person or which establishes a reasonable belief that a party to the transaction is not able to or does not intend to complete that party's obligations under a real estate contract.
Adverse material fact means a condition, malfunction, or problem that would have a materially
Adverse material fact means a fact that should be recognized by a broker as being of enough significance as to affect a person's decision to enter into a contract to buy or sell real property. It may be a fact that materially affects the value or structural integrity or presents a documented health risk to occupants of the property, but may not include the fact that an occupant of the property has or has had a communicable disease or that the property was the site of a suicide or felony, or it may be a fact that materially affects the buyer's ability or intent to perform the buyer's obligations under a proposed or existing contract.
More Definitions of Adverse material fact
Adverse material fact means a fact that should be recognized by a broker as being of enough significance as to affect a person's decision to enter into a contract to buy or sell real property and may be a fact that materially affects the buyer's ability or intent to perform the buyer's obligations under a proposed or existing contract."
Adverse material fact means a fact that would significantly affect the desirability or value of the property to a reasonable person or
Adverse material fact does not include the fact that an occupant of the property has or has had a communicable disease or that the property was the site of a suicide or felony.
Adverse material fact means a fact that should be recognized by a broker or salesperson as being of enough significance as to affect a person’s decision to enter into a contract to buy or sell real property and may be a fact that:
i. Materially affects the value, affects structural integrity, or presents a documented health risk to occupants of the property; and
ii. Materially affects the buyer’s ability or intent to perform the buyer’s obligations under a proposed or existing contract.
Adverse material fact means a condition, malfunction, or problem that would have a materially adverse effect on the monetary value of real property, that affects the structural integrity of any improvements located on the real property, or that presents a documented health risk to occupants of the real property or would impair the health or safety of future occupants of the real property.