Question
What is the legal effect of the term As Is or As-Is Sale in the CAR RPA in relieving the seller of obligations under the
What is the legal effect of the term As Is or As-Is Sale in the CAR RPA in relieving the seller of obligations under the Transfer Disclosure Statement (TDS)?
a. The seller need not complete the TDS.
b. The seller still must complete and deliver a TDS, but the seller will be relieved of the duty to disclose most defects or damages to the buyer (unless required to do so by law).
c. The seller still must complete and deliver a TDS, but the seller will be relieved of obligations to repair defects or damages (unless required to do so by law).
d. The seller still must complete and deliver a TDS, but the sellers broker/agent will be relieved of the duty to complete and deliver an Agents Visual Inspection Disclosure (AVID) form to the buyer.
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