What is fraud defined as in a real estate context?

In a real estate context, fraud is defined as intentionally wrongful deception. This means that one party deliberately misrepresents or omits important information with the intention of deceiving another party, often for personal gain. Such actions can have serious legal consequences and undermine trust in transactions.

Fraud is critical to understand in real estate because it can involve various forms, such as falsifying documents, misrepresenting property conditions, or hiding defects. By distinguishing fraud as intentional, it underscores the necessity for integrity and honesty in real estate dealings. Recognizing fraud and its implications helps protect buyers, sellers, and real estate professionals from unethical practices and legal liabilities.