Contracts
The Florida 'AS IS' Residential Contract differs from the standard FAR/BAR Residential Contract primarily because with the AS IS contract:
AThe buyer has no right to inspect the property
BThe seller makes no repairs, but the buyer retains the right to inspect and cancel✓ Correct
CThe seller must disclose all known defects but is not responsible for repairs
DThe closing must occur within 21 days
Explanation
Under the FAR/BAR AS IS contract, the seller agrees to sell and the buyer agrees to buy the property in its current condition — the seller will make no repairs. However, the buyer retains the right to inspect and may cancel during the inspection period for any reason.
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