Final answer:
The material fact that should be disclosed in a real estate transaction is the existence of a homeowners' association in the neighborhood. Other potential issues like previous owners' health conditions, neighbors' criminal records, or superstitions about a property are not required disclosures. Housing and mortgage discrimination, although illegal, can still subtly influence where people can live and buy property.
Step-by-step explanation:
In a real estate transaction, the material fact that must be disclosed is d. the fact that the neighborhood has a homeowners' association. Material facts in real estate are details about a property's condition or legal status that could influence a buyer's decision to purchase or the price they offer. Other items such as the health status of the previous owner (a), the criminal record of a neighbor (b), or whether a property is haunted (c) are generally not considered material facts that must be disclosed unless they are directly impacting the value or desirability of the property (for example, if the belief that the property is haunted has been widely publicized and could impact its value).
Discrimination in the housing market, such as providing fewer options to potential homebuyers or renters based on race or ethnicity, can have profound effects on where people live and, by extension, where they work, their access to education, and their overall quality of life. Such discrimination often persists in more subtle forms even after overtly discriminatory practices like restrictive covenants and mortgage discrimination have been ruled illegal