What does Full Disclosure refer to in real estate?

Full Disclosure in real estate is primarily about revealing all material facts about the property. This principle is crucial for maintaining transparency and trust in real estate transactions. Material facts are defined as those elements that could affect a buyer's decision to purchase the property, such as structural issues, zoning regulations, environmental concerns, and any legal encumbrances.

By ensuring full disclosure, sellers and their agents fulfill their legal and ethical obligations to inform potential buyers about significant issues that could impact the property's value or desirability. This allows buyers to make informed decisions and protects them from future surprises that could arise after the sale is completed.

In contrast, simply informing buyers about all property features, providing an appraisal report, or announcing selling prices do not adequately encompass the essential nature of full disclosure, which fundamentally revolves around disclosing critical information that could impact the buyer's purchase decision.