Adverse material fact definition

Adverse material fact means a fact that would significantly affect the desir- ability or value of the property to a reasonable person or which establishes a reason- able belief that a party to the transaction is not able to or does not intend to complete that party’s obligations under a real estate contract.
Adverse material fact means a fact that should be recognized by a broker as being of enough significance as to affect a person's decision to enter into a contract to buy or sell real property. It may be a fact that materially affects the value or structural integrity or presents a documented health risk to occupants of the property, but may not include the fact that an occupant of the property has or has had a communicable disease or that the property was the site of a suicide or felony, or it may be a fact that materially affects the buyer's ability or intent to perform the buyer's obligations under a proposed or existing contract."
Adverse material fact means a condition, malfunction, or problem that would have a materially

Examples of Adverse material fact in a sentence

  • Unless the context requires otherwise, in [sections 1 14 through 5] the following definitions apply: 15 (1) "Adverse material fact" means a condition, malfunction, or problem that would have a materially 16 adverse effect on the monetary value of real property, that affects the structural integrity of any improvements 17 located on the real property, or that presents a documented health risk to occupants of the real property or 18 would impair the health or safety of future occupants of the real property.


More Definitions of Adverse material fact

Adverse material fact means a fact that should be recognized by a broker as being of enough significance as to affect a person's decision to enter into a contract to buy or sell real property and may be a fact that materially affects the buyer's ability or intent to perform the buyer's obligations under a proposed or existing contract."
Adverse material fact does not include the fact that an occupant of the property has or has had a communicable disease or that the property was the site of a suicide or felony. The above duties of the Broker do not relieve Seller from the responsibility to protect its own interests. Seller should carefully read all agreements to assure that they adequately express its understanding of the transaction. Schedule 1Transaction Parameters
Adverse material fact means a fact that would significantly affect the desirability or value of the property to a reasonable person or
Adverse material fact means a fact that should be recognized by a broker or salesperson as being of enough significance as to affect a person’s decision to enter into a contract to buy or sell real property and may be a fact that:

Related to Adverse material fact

  • Required Information has the meaning set forth in Section 6.18(a).

  • Statement means a statement submitted by the Contractor as part of an application, under Clause 14 [Contract Price and Payment], for a payment certificate.