Contracts
What is an 'as-is' sale in California real estate?
AA sale where the seller is completely exempt from all disclosure requirements
BA sale where the buyer accepts the property in its current condition, but the seller must still disclose known material defects✓ Correct
CA sale that closes in less than 30 days
DA sale where the buyer waives the right to a physical inspection
Explanation
Even in an 'as-is' sale, California law requires sellers to disclose all known material defects via the Transfer Disclosure Statement (TDS) and other required disclosures. 'As-is' means the seller will not make repairs, not that they can conceal known problems.
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