Contracts
A NH seller's 'as-is' sale with no representations is most commonly associated with which type of sale?
ANew construction sales
BForeclosure, estate, and REO (bank-owned) property sales where the seller has limited knowledge✓ Correct
CLuxury home sales
DSales in the NH Lakes Region
Explanation
As-is sales are most common in foreclosures, estate sales, and REO (bank-owned) properties where the selling party has limited first-hand knowledge of the property's condition and wants to limit liability for unknown defects.
Related New Hampshire Contracts Questions
- A NH seller who accepts an offer but then receives a higher offer the next day should:
- In New Hampshire, an offer to purchase becomes a binding contract when:
- The New Hampshire Property Condition Disclosure statement must be provided to:
- A New Hampshire buyer includes a financing contingency in their offer. If the buyer cannot secure financing, the contingency allows them to:
- A counteroffer in a real estate transaction legally:
- Earnest money deposited under a New Hampshire purchase and sale agreement is typically held by:
- What is the legal effect of a counteroffer in a New Hampshire real estate transaction?
- In New Hampshire, an option contract gives the optionee (buyer) the right to:
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →