What is defined as information that could affect a buyer’s decision to purchase a property?

The correct answer is defined as a material fact. A material fact is any information that has the potential to influence a buyer’s decision regarding the purchase of a property. This can include issues such as the structural integrity of the home, the presence of hazards like asbestos or lead paint, zoning issues, or even the history of the property in terms of past repairs and renovations.

Understanding material facts is crucial in real estate transactions because agents have a legal and ethical obligation to disclose such information to buyers to ensure they make informed decisions. The concept of material facts emphasizes transparency and honesty in real estate dealings, which are fundamental principles in maintaining trust and integrity in the industry.

In contrast, the other terms listed do not specifically pertain to information affecting a buyer's decision in the same direct manner. Closing refers to the final stage in a real estate transaction where the title is transferred, a brokerage fee is the commission earned by real estate agents for their services, and a Comparative Market Analysis is a tool used to estimate the value of a property based on recent sales of similar properties but does not directly relate to information that could sway a buyer's interest in purchasing.