Question of the Day by PrepAgent

Question of the Day (Question ID #16152)

If Joe agrees to purchase Stephen's home "as is" and Stephen is working with an agent:

A. his agent does not have to reveal any defects known to the buyer or the buyer's agent.

B. neither Stephen nor his agent is required to reveal any known defects.

C. None of the other options are correct.

D. his agent must reveal any defects known to the buyer or buyer's agent.

Explanation:

"As is" means the home is being sold in its present condition. It does not mean that the buyer agrees to buy the home without investigating any potential problems, nor does it mean that the buyer has to buy the property no matter what problems it may have.

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