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.
Sign up free to see the explanation and track your rank →
More National Real Estate Exam disclosures practice
- The agent must:
- A buyer is interested in a parcel of land for a new housing… — What is the primary purpose
- According to federal law, which of the following is true?
- A buyer's 'innocent landowner' defense against liability under CERCLA generally requires t
- What is the agent's professional responsibility?
- A seller's agent knows that the roof is at the end of its us… — Is the agent required to d
- Carbon monoxide is a hazardous substance most commonly produced by which source in a resid
- What is the seller's obligation regarding the paint itself?