medium · National Real Estate Exam disclosures
A property is being sold 'as-is.' Which of the following statements is most accurate regarding the seller's disclosure obligations under national common-law principles?
- The seller must still disclose known latent material defects to the buyer.
- The 'as-is' clause relieves the seller of all obligations to disclose any physical defects.
- The seller only needs to disclose defects that violate current building or safety codes.
- The 'as-is' clause means the buyer waives the right to have a professional home inspection.
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