Question

What does "As Is" do?

a) Warns the buyer to beware
b) The house is a fixer upper
c) The house is as is, but known defects must be disclosed
d) The house is as is, and no other disclosures are needed.

Answer 1

'As Is' in real estate means that the property is being sold in its current condition, with known defects disclosed.

Step-by-step explanation:

What Does 'As Is' Mean in Real Estate?

'As Is' is a term used in real estate to indicate that a property is being sold in its current condition, with no guarantees or warranties provided by the seller.

Option C is the correct answer. When a seller uses the 'As Is' designation, they are stating that the property is being sold in its current condition, but known defects or issues must still be disclosed to the buyer. This means that the buyer is aware of the condition of the property and assumes all responsibility for any necessary repairs or improvements.