In real estate, Full Disclosure refers to the obligation to reveal all known material facts that could influence a buyer’s decision to purchase a property. This includes information about physical defects, environmental issues, legal concerns, or any other conditions that may affect the property’s value or desirability.
Full disclosure is a key legal and ethical requirement for sellers and real estate professionals. Failure to disclose known material facts can result in legal liability, rescission of the contract, or damages, making transparency essential in real estate transactions.
