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A simple bumper re-spray is not going to show up on a Carfax report. It'll probably cost you a few hundred bucks to have the bumper professionally re-done. I doubt the bumper panel itself is cracking; it's probably the paint on it that's chipping off. The shop probably didn't use the right kind of flexible paint for urethane parts like that.
I'm pretty sure you're just going to have to bite the bullet and have it fixed yourself. This is part of the risk of buying used cars.
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2011 Toyota Camry (Sandy Beach Metallic)
2005 Acura MDX Touring (Billet Silver Metallic)
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