Contracts
An 'as-is' clause in a purchase contract means:
AThe seller has no disclosure obligations whatsoever
BThe buyer accepts the property in its current condition but the seller must still disclose known material defects✓ Correct
CThe buyer waives all inspection rights
DThe property cannot be financed with a conventional loan
Explanation
An 'as-is' clause means the buyer accepts the property in its current condition without requiring the seller to make repairs. However, it does NOT eliminate the seller's obligation to disclose known material defects. The buyer's inspection rights are typically still intact.
Related Idaho Contracts Questions
- Which of the following best describes a 'voidable' contract in Idaho real estate?
- An Idaho buyer includes a financing contingency in their offer. If the buyer cannot obtain financing, they may:
- In Idaho, what is the legal effect of a buyer revoking an offer after the seller has already accepted it?
- Which contingency allows an Idaho buyer to sell their current home before being obligated to purchase the new property?
- An Idaho 'open listing' agreement means:
- An Idaho contract for the sale of real property is 'executed' when:
- A 'liquidated damages' clause in an Idaho purchase contract typically provides that if the buyer defaults:
- In Idaho, an option contract gives the buyer:
Practice More Idaho Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Idaho Quiz →