What describes a "material fact" in a real estate transaction?

A "material fact" in a real estate transaction refers to information that could influence a buyer's decision regarding the purchase of a property. This includes aspects such as the condition of the property, any legal issues associated with it, and significant repairs that may be required. Such facts are crucial because they determine how a buyer perceives the value and desirability of the property. In essence, any information that could potentially sway a buyer's choice is deemed material, and omitting it could lead to significant legal implications for the seller and the agent involved.

The other options, while relevant in different contexts, do not accurately define a material fact. Legally required disclosures may include some material facts but can also encompass less critical information. General market trends do provide important context for buyers, but they do not pertain directly to the specifics of a transaction. Finally, personal opinions about property value are subjective and do not constitute factual information that would affect a buyer's decision.