A licensee who knowingly fails to disclose a material fact is guilty of:

The situation described involves a licensee who knowingly fails to disclose a material fact. This scenario aligns closely with the concept of intentional concealment. Intentional concealment refers to the deliberate act of hiding or failing to disclose important information that should be shared with parties involved in a real estate transaction. By knowingly withholding information, the licensee demonstrates an intent to mislead or deceive one or more parties, which can have significant legal ramifications.

In the context of real estate, a material fact is any detail that could influence a buyer's decision. Examples might include issues with the property, such as structural problems, past flooding, or title issues. The ethical and legal expectation is that licensees must be transparent about these matters. Failing to do so knowingly constitutes intentional concealment, raising a breach of fiduciary duty.

Other potential choices do not appropriately capture the nature of the licensee’s actions. Offering opinions does not involve withholding material facts but instead conveys a subjective belief rather than a verified fact. Negligent misrepresentation pertains to scenarios where someone makes an assertion to another party without intending to deceive but lacking reasonable grounds for believing the assertion to be true. Lastly, the Real Estate Settlement Procedures Act pertains more to procedural aspects of real estate transactions rather than issues