easy · National Real Estate Exam
If a buyer agrees to an 'as-is' purchase but the contract also includes a 'right to inspect' with a 'right to cancel,' the 'as-is' clause generally means:
- The buyer has waived their right to sue for fraud if a latent defect is found later.
- The inspection results are legally binding on the seller despite the 'as-is' language.
- The seller will not make repairs, but the buyer can still walk away if they don't like the inspection results.
- The 'as-is' clause is void because it contradicts the right to inspect.
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