Final answer:
Urticaria, commonly known as hives, is a common allergic reaction to a latex product, representing a Type I hypersensitivity reaction that typically occurs immediately upon exposure.
Step-by-step explanation:
A common allergic reaction to a latex product is urticaria, which is also known as hives. These are itchy, raised welts that appear on the surface of the skin and are usually red. Urticaria is part of the Type I hypersensitivity reaction which can occur immediately upon exposure to the allergen. Unlike other options such as vertigo, hemorrhage, or syncope, urticaria is a typical external skin reaction indicative of allergies to substances like latex.
Individuals with latex allergies might develop other symptoms on exposure to the allergen, including sneezing, watery eyes, and in more severe cases, anaphylactic shock, which requires immediate medical attention. To manage mild cases of allergic reactions such as hives, antihistamines are commonly used, while emergency treatments for anaphylaxis include epinephrine administration.