A piece of information that affects the value of real property is known as?

A piece of information that affects the value of real property is known as a material fact. This term refers to any information that has significance when it comes to a buyer's or seller's decision-making process in a real estate transaction. Material facts can include a variety of elements, such as the condition of the property, zoning laws, or any factors that would influence its market value, including legal issues or potential environmental hazards.

Understanding what constitutes a material fact is crucial for real estate professionals, as they hold a responsibility to disclose these facts to clients and potential buyers. Failing to disclose material facts can lead to liabilities and disputes in transactions, making it essential for sales associates to recognize and communicate these pieces of information effectively.