Contracts
An 'as-is' clause in a Georgia contract does NOT protect the seller from liability for:
AMinor cosmetic defects
BActively concealed or fraudulently misrepresented material defects✓ Correct
CItems listed in the disclosure form
DNormal wear and tear
Explanation
An as-is clause transfers to the buyer the responsibility for the property's condition, but does NOT protect the seller from liability for known material defects they actively concealed or misrepresented.
People Also Study
Related Georgia Questions
- A fully amortized mortgage means:Finance
- Under the Georgia Landlord-Tenant Act, a landlord's duty to maintain the premises in a habitable condition is known as the:Property Management
- Under the Americans with Disabilities Act (ADA), new commercial construction must:Property Management
- A 'bump clause' or 'right of first refusal' in a Georgia contract gives the original buyer:Contracts
- A 'land contract' (contract for deed) in Georgia transfers:Finance
- Under Georgia law, if both parties breach a real estate contract, the most likely outcome is:Contracts
- A listing agreement in Georgia is a contract between:Contracts
- The concept of 'time is of the essence' in a Georgia real estate contract means:Contracts
Key Terms to Know
Contingency
A condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
State-Specific Concepts
Disclosure Requirements
Study This Topic
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →