Oregon Real Estate Practice Test 2026 – Complete Exam Prep

In Oregon real estate, a "material fact" is defined as a fact that could influence a buyer's decision to purchase a property. This concept is crucial in real estate transactions because it holds both sellers and their agents responsible for disclosing information that could impact a buyer’s choices. For example, if a property has issues like severe water damage, a history of pest infestations, or zoning violations, these would be considered material facts because they can significantly affect the buyer's perception of the property's value and desirability.

The emphasis on a fact's potential influence on a buyer's decision underscores the importance of transparency in real estate transactions. Failure to disclose material facts could lead to legal consequences, including claims of misrepresentation.

In this context, other options don't capture the essence of material facts accurately. A fact that is interesting but not essential does not meet the threshold of influencing a purchase decision. A fact known only to the seller may not necessarily have an impact on the buyer's decision-making process, while minor details about the property typically do not rise to the level of being material. Thus, the focus on the influence on the buyer is what correctly defines a material fact in Oregon real estate.