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A latent defect is specifically characterized as a flaw or issue in a property that is not immediately visible or easily discovered upon a casual inspection. The key aspect of a latent defect is that it is hidden and not apparent, which distinguishes it from patent defects that can be seen or readily identified.
In the context of real estate, this means that potential buyers may not be aware of certain problems unless they conduct a thorough inspection or are informed by the seller. The inability to plainly observe the defect is what makes it "latent." This understanding is crucial for buyers and real estate professionals, as it emphasizes the importance of comprehensive property inspections to uncover any hidden issues that could affect the property's value or safety.
While the other options touch on different aspects of defects or conditions related to property and seller disclosures, they do not encapsulate the unique characteristic of a latent defect as effectively as the correct answer does.