Contracts
An 'as-is' sale in Pennsylvania means:
AThe seller has no obligation to disclose known defects
BThe seller transfers the property in its current condition but must still disclose known material defects on the SPDS✓ Correct
CThe buyer waives all inspection rights
DThe property is sold without any title insurance requirement
Explanation
Even in an 'as-is' sale in Pennsylvania, the seller must still complete the Seller's Property Disclosure Statement and disclose known material defects. 'As-is' means the seller will not make repairs, but it does not exempt the seller from disclosure obligations under Pennsylvania law.
Related Pennsylvania Contracts Questions
- Which of the following would make a real estate contract voidable?
- In Pennsylvania, a 'time is of the essence' clause in a real estate contract means:
- A Pennsylvania buyer's home sale contingency allows the buyer to:
- An exclusive right to sell listing guarantees the broker a commission if the property sells:
- A real estate contract signed under duress is:
- In Pennsylvania, a listing agreement is a contract between the:
- A Pennsylvania listing agreement is a contract between:
- An option contract in real estate gives the optionee:
Practice More Pennsylvania Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Pennsylvania Quiz →