A "latent defect" is a problem or issue with something that is not immediately visible or obvious. It is a hidden flaw that may not be known or discovered until later on or after it has caused some kind of harm or damage. Full definition
You are not obligated to discover latent defects with the property or provide advice on matters that are outside the scope of your license. (realtormag.realtor.org)
The home inspector is looking for latent defects and in essence it sounds as though we might be encouraged to negotiate on patent defects. (remonline.com)
In construction litigation, where problems can stem from latent defects which do not manifest for an extended period, these rules can be pivotal in limiting risk. (beankinney.com)