Maine License Law
Maine license law defines 'material fact' in real estate as:
AAny physical feature of the property
BInformation that would likely affect a reasonable person's decision to purchase, sell, or lease✓ Correct
COnly the listing price and tax assessment
DOnly physical defects visible during inspection
Explanation
A material fact is any information that would likely affect a reasonable person's decision to enter into a real estate transaction — including physical defects, legal encumbrances, environmental issues, and other significant conditions.
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