What term describes the intentional act of avoiding a report of significant defects in a property?

Prepare for the Colibri Real Estate Exam. Study with flashcards and multiple-choice questions, each with detailed hints and explanations. Get ready for your exam!

The term that describes the intentional act of avoiding a report of significant defects in a property is concealment. When a seller or any party involved in a real estate transaction deliberately withholds information about significant defects, they are engaging in concealment. This can lead to serious legal consequences, especially if the defects are discovered after the sale, as it reflects an unethical practice and can violate laws regarding property disclosure.

In contrast, disclosure is the act of revealing information, particularly any known issues or defects with the property, which is a legal requirement in many jurisdictions. Transparency refers to openness and clarity in communication, especially regarding potential defects or issues, which contrasts sharply with concealment. Lastly, conformity relates to adherence to established standards or norms, and does not pertain to the act of hiding information about a property's state.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy