California Real Estate Practice Exam

A material fact and a material defect are the same thing?

1. Always

2. Never

3. Sometimes

4. Only when dealing with residential properties

The correct answer is: Sometimes

Material facts and material defects are not the same thing. While both can affect the value or condition of a property, a material fact is any information about a property that could potentially affect a buyer's decision to purchase it. This could include things like the age of the home, the school district it's located in, or any recent renovations. A material defect, on the other hand, is a specific issue within the property that could have a significant impact on its value or safety. Examples of material defects could be a leaking roof, a cracked foundation, or termite damage. While a material defect could also be considered a material fact, not all material facts are necessarily material defects. Therefore, the correct answer is C Sometimes. The other options are incorrect because they suggest that material facts and material defects are always or never the same thing, which is not the case. Additionally, option D is incorrect