easy · National Real Estate Exam
A buyer purchases an 'as-is' property and later finds that the square footage is significantly less than what was stated in the listing. This is an example of:
- A patent defect that the buyer should have measured themselves.
- A misrepresentation of material fact that 'as-is' clauses do not typically cover.
- A violation of the duty of loyalty to the buyer.
- Acceptable 'puffing' by the real estate agent.
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