What is the definition of a patent defect in real estate?

Prepare for the Nevada Key Realty Test with our set of flashcards and multiple choice questions. Each question comes with hints and explanations to help you succeed. Get exam-ready!

A patent defect in real estate is defined as a defect that is readily observable or can be easily discovered upon a reasonable inspection of the property. This means that such defects are not hidden and can be identified by potential buyers or inspectors without specialized knowledge or equipment. For instance, visible cracks in the foundation or a leaking roof would be considered patent defects because they can be seen and assessed during a typical walkthrough of the property.

The other definitions do not fit the meaning of a patent defect. A flaw that is hidden from view describes a latent defect, which is the opposite of a patent defect. Defects that require professional identification might imply a complex issue that isn’t evident to the average observer, which again relates to latent defects. Lastly, a minor issue needing repair does not adequately capture the concept of a patent defect, as it could apply to issues that are either visible or hidden, and it lacks the crucial element of being easily discoverable.

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