Contracts
Maine's standard purchase and sale agreement typically includes which of the following seller representations?
AThat the property is in perfect condition
BThat there are no known material defects beyond those disclosed✓ Correct
CThat the property will appraise at the purchase price
DThat the seller will provide a home warranty
Explanation
Standard Maine purchase agreements typically include representations that there are no known material defects beyond those already disclosed. Sellers in Maine are also required to complete the Seller's Disclosure of Property Condition form.
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