Contracts
A Virginia contract for the sale of real estate has an 'as-is' clause. What does this mean for the seller?
AThe seller has no obligation to disclose any defects
BThe seller still must disclose known material defects but is not required to make repairs✓ Correct
CThe seller warrants the property is in perfect condition
DThe buyer waives all inspection rights
Explanation
Even with an 'as-is' clause, Virginia law requires sellers and their agents to disclose known material defects. The clause means the seller will not make repairs, not that they can conceal known problems.
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