Property Ownership
In New York, when a seller conveys property 'as is,' the buyer should be aware that:
AAll seller disclosures are waived
BThe seller makes no warranty about condition, but the seller's agent must still disclose known material defects✓ Correct
CInspection contingencies are automatically waived
DThe buyer assumes all liability for the property's condition
Explanation
An 'as is' clause means the seller makes no warranties about the property's condition and the buyer accepts it in its present state. However, sellers and agents must still disclose known material defects.
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