If nothing is added to paragraph 7D, the buyer is accepting the property in what condition?

Get ready for the AceableAgent Promulgated Contracts Test. Practice with multiple choice questions, each offering hints and detailed explanations. Boost your confidence and ace your exam!

The correct answer is that the buyer is accepting the property in its present condition. In real estate contracts, particularly those based on the promulgated forms, paragraph 7D typically pertains to the condition of the property being sold. When this section specifies that nothing is added, it indicates that the buyer is agreeing to take the property as it exists at the time of the agreement.

Choosing the "present condition" means the buyer acknowledges the current state of the property, including any potential faults or issues that may not have been identified or disclosed. This contrasts with terms like "as-is," which might imply a more explicit acknowledgment of the property’s shortcomings, or "move-in ready," which suggests that the property meets certain livability standards or renovations. Therefore, interpreting that the buyer accepts the property in its present condition aligns accurately with typical contract language and the expectations of both parties involved in the transaction.

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