Material Misrepresentation


Definition of "Material misrepresentation"

Terry Pollard
  Exit Realty Excel

Falsification of a material fact in such a manner that, had the insurance company known the truth, it would not have insured the risk. A material misrepresentation gives an insurance company grounds to rescind a contract.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Condition Subsequent

Condition that depends on the failure or nonperformance of which an estate already granted may be ov ...

Stipulations

Conditions and terms agreed to in a contract. ...

Wall

Divider made of plasterboard or plaster used to partition rooms. A room is created by the walls surr ...

Certificate Of Annuity (coa)

Same as term Annuity: contract sold by insurance companies that pays a monthly (or quarterly, semian ...

Jurat

Certificate of an officer stating that a sworn statement is genuine stating when, where and before w ...

In-patient

Resident patient of a medical installation. Previously, health insurance benefits were limited to in ...

Related Real Estate FAQ

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and ...

What Is A Buydown?

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property ...

What Is A FHA Mortgage?

A FHA mortgage is when the government guarantees Federal Housing Authority loans. You can put down a ...

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

What Is A Lien?

A lien is a claim against a property. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Mortgage Loan Types Top Five Reasons Your Home Offer was Rejected Rent or Buy - the pros and cons 5 signs of house foundation problems 6 Reasons you are not selling properties

FAQ

What is a gated community? What is a lease purchase mortgage? What Will My ARM Loan Payment Be ? What if the computer I want to insure is homemade or custom-built? What are the Benefits of Liability Insurance?