What is defined as a fact that could adversely affect a buyer's use of a property?

A material fact is defined as a fact that could adversely affect a buyer's use of a property. This includes any information that, if known, would influence a buyer's decision on whether to purchase the property or how much to pay for it. Material facts can encompass various issues, such as zoning restrictions, structural problems, environmental hazards, or other conditions affecting the property's value or usability.

Being aware of material facts is crucial in real estate transactions because sellers and their agents have a legal obligation to disclose such information to potential buyers. Failing to disclose a material fact can lead to legal ramifications and disputes after the sale.

In contrast, the other options do not accurately capture this legal and practical importance. Negotiable facts refer to terms that can be discussed and modified during negotiations, minor facts may not significantly impact a buyer's decision, and personal facts pertain to individual circumstances unrelated to the property's condition or use. Therefore, identifying a material fact is essential for ensuring that both buyers and sellers navigate the real estate process with transparency and informed consent.