Agency
A material fact in NJ real estate is one that:
AAppears in the MLS listing
BWould likely affect a reasonable person's decision to buy, sell, or lease property✓ Correct
CIs required to be disclosed only by the buyer's agent
DInvolves the physical dimensions of the property only
Explanation
A material fact is any information that would reasonably affect the decision-making of a buyer, seller, or tenant; agents must disclose material facts they know.
Related New Jersey Agency Questions
- A NJ buyer's agent must disclose to their buyer client all of the following EXCEPT:
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