Contracts
An as-is clause in a Missouri purchase contract means:
AThe seller must fix all defects before closing
BThe buyer accepts the property in its current condition with no repairs by the seller✓ Correct
CThe seller has disclosed all defects
DA home warranty is included
Explanation
An as-is clause means the buyer agrees to purchase the property in its present condition, with the seller making no repairs. It does not relieve the seller of the duty to disclose known material defects.
Related Missouri Contracts Questions
- A Missouri seller who wants to retain the right to sell the property on their own without paying a commission should sign a(n):
- In Missouri, a seller refuses to complete a sale after accepting the buyer's offer. The buyer's best legal remedy is typically:
- Consideration in a Missouri real estate contract can consist of:
- In Missouri, a real estate agent's authority to sign a contract on behalf of a client requires:
- A Missouri buyer defaults on a purchase contract after earnest money is deposited. If the contract specifies liquidated damages:
- A Missouri listing agreement is BEST described as which type of contract?
- An 'earnest money' deposit in a Missouri contract serves as:
- Which of the following is an essential element of a valid real estate contract in Missouri?
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →