Indiana License Law
Under Indiana license law, a 'material fact' that must be disclosed is best defined as:
AAny fact about the property, regardless of relevance
BA fact that would likely affect a reasonable person's decision to buy, sell, or lease the property✓ Correct
COnly structural defects discovered during inspection
DAny information the buyer specifically requests
Explanation
A material fact is information that a reasonable person would consider significant in their decision to enter a transaction. Indiana licensees must disclose known material facts about a property, even if not asked.
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