Contracts
In New Mexico, when a residential property is sold 'as is,' the seller's obligation to complete the disclosure statement is:
AEliminated—the buyer accepts all risks
BNot eliminated—New Mexico sellers must still disclose known material defects even in 'as is' sales✓ Correct
CReduced to only structural defects
DReplaced by a warranty of habitability
Explanation
An 'as is' clause does not eliminate the seller's disclosure obligations in New Mexico. Sellers must still disclose known material defects on the NM Seller's Property Disclosure Statement—'as is' only means no repair obligations.
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