An intentional misrepresentation of a material fact that a party relies on to their damage is:

The term that best describes an intentional misrepresentation of a material fact that a party relies on to their detriment is fraud. In the context of real estate and legal definitions, fraud involves knowingly providing false information with the intent to deceive another party. The party misled by the false statement typically suffers some form of damage as a result of their reliance on that information.

For instance, if a seller intentionally misrepresents the condition of a property—such as claiming the roof is new when it is actually in poor condition—and the buyer relies on that statement in making their purchase, this would represent fraud. The key aspects here are the intentional nature of the misrepresentation and the reliance by the victim that leads to damage.

Other options do not fit this definition. Misrepresentation could refer to any false statement, whether intentional or unintentional, while puffing and exaggeration typically involve claims that are subjective opinions rather than material facts intended to mislead another party. Therefore, fraud is the most accurate choice when looking for a term that captures the specific scenario described.