Contracts
In South Carolina, what does 'as-is' mean in a real estate contract?
AThe property has been professionally inspected
BThe buyer accepts the property in its current condition without requiring repairs, though disclosure and inspection rights typically still apply✓ Correct
CThe seller guarantees there are no defects
DThe property has no warranty of any kind
Explanation
An 'as-is' clause means the buyer accepts the property in its existing condition. However, in South Carolina, sellers must still complete the Property Condition Disclosure Statement, and an 'as-is' clause does not waive the seller's duty to disclose known material defects.
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