A brokerage firm lists a property that is in poor condition. The seller states that the property is being sold 'as is' and will make no repairs or warranties concerning the condition of the property. Under these conditions, if a prospective buyer asks about defects in the home while viewing the property, the licensee should

While the doctrine of caveat emptor places the burden of due diligence on the buyer, it does not absolve the seller or the licensee from the responsibility of disclosing known material defects. This doctrine primarily applies to situations where no misrepresentation or concealment of defects occurs, which is not the case here.

Even if a property is sold 'as is', disclosure laws typically require the licensee to inform buyers of known defects. Exemptions do not eliminate the responsibility to disclose material defects that could affect the buyer's decision-making process.

Selling a property 'as is' does not negate the licensee's obligation to disclose known material defects. Providing no information could lead to misunderstandings and potential liability for the licensee if the buyer later discovers undisclosed issues.