Ace the PSI New Jersey Real Estate Test 2025 – Unlock Your Property Power!

When representing a buyer in a real estate transaction, a real estate professional is required to disclose material facts about the property. Material facts are important pieces of information that could affect the buyer's decision to purchase the property. This includes details such as structural issues, past repairs, or any other condition that could significantly influence the property's value or desirability.

Disclosing material facts is crucial, as it helps ensure transparency and allows the buyer to make an informed decision. Real estate professionals have a duty to act in the best interest of their clients, which encompasses being honest and forthright about any issues that may affect the property. Failing to disclose such facts can lead to legal ramifications and a breach of fiduciary duty.

While potential closing costs, personal opinions about the neighborhood, and possible future zoning changes may be relevant considerations for a buyer, they do not meet the same standard of disclosure as material facts about the property itself. Closing costs are typically discussed later in the process, personal opinions can be subjective, and zoning changes may not be known or ascertainable at the time of representing the buyer.