Agency
What is 'material fact' that must be disclosed by Nevada agents?
AOnly facts that caused the list price to be set above $500,000
BAny fact that would reasonably affect a buyer's decision to purchase or the price they would pay — including property defects, adverse conditions, title issues, neighborhood concerns, and any matter a reasonable buyer would want to know✓ Correct
COnly facts documented in the seller's disclosure form
DFacts about the property's physical condition only
Explanation
A material fact is any information that would reasonably influence a party's decision or negotiating position. In Nevada, material facts include: known property defects (roof leaks, foundation cracks, mold), neighborhood issues affecting value (pending commercial development, flight path changes), title problems, HOA financial distress, prior insurance claims, and stigmatized property issues. Nevada agents representing buyers must disclose all known material facts, even if the seller has not disclosed them in the SRPD form.
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