A material fact is information that is critical to understanding a situation or making an informed decision. In the context of real estate, it refers to details about a property that can influence a buyer's or seller's actions, such as structural problems, zoning changes, or environmental hazards.
Misrepresentation in real estate involves an untrue statement, whether unintentional or deliberate, affecting material facts about a property. This can lead to legal actions such as damages or rescission of the contract.
