Common use of BUYER INSPECTIONS Clause in Contracts

BUYER INSPECTIONS. 128 (A) Unless Buyer and a seller agree otherwise, real estate is sold IN ITS PRESENT CONDITION. It is Buyer’s responsibility to 129 determine whether the condition of the property is satisfactory. Buyer is advised to carry out an inspection, at Buyer’s expense, 130 by qualified professionals to determine the condition of the structure or its components. Areas of concern may include, but are 131 not limited to: electrical; plumbing; heating, ventilating and air conditioning; appliances and fixtures; water infiltration; base- 132 ment; roof; property boundaries; asbestos, mold and indoor air quality, carbon monoxide, radon, and environmental hazards or 133 substances; wood-destroying insect infestation; on-site water service and/or sewage system; property insurance; deeds, restric- 134 tions and zoning; and lead-based paint. Buyer should discuss inspections and any special needs with Licensee. 135 (B) Buyer is advised that information regarding properties considered for purchase by Buyer has been provided by a seller or a sell- 136 er’s broker. Such information may include, but is not limited to, the information on the Seller’s Property Disclosure Statement, 137 including environmental conditions; MLS information, including information regarding restrictions, taxes, assessments, associa- 138 tion fees, zoning restrictions, dimensions, boundaries (if identified); and marketing information. Unless otherwise noted, Broker 139 has not verified the accuracy of this information, and Buyer is advised to investigate its accuracy. 140 14. RECORDINGS ON THE PROPERTY 141 (A) Any person who intentionally intercepts oral communications by electronic or other means without the consent of all parties is 142 guilty of a felony under Pennyslvania law. Buyers should not make recordings on the property that capture the oral statements of 143 other persons without having the full consent of all persons who are parties to the communication. 144 (B) Buyer should be aware that a seller’s property may contain smart home technologies or devices, which may record or allow for 145 remote monitoring of the seller’s property, including broadcasting or recording video and audio. Buyer should be aware that any 146 discussions, including discussions of negotiation strategies, held on the property may not be confidential. 147 (C) Buyer hereby releases all Brokers, their LICENSEES, employees and any OFFICER or PARTNER of any one of them, 148 and any PERSON, FIRM, or CORPORATION who may be liable through them, from any claims, lawsuits and actions 149 which may arise from any audio or video recordings occurring in or around any property considered for purchase by 150 Buyer. 152 15. RECOVERY FUND 153 Pennsylvania has a Real Estate Recovery Fund (the Fund) to repay any person who has received a final court ruling (civil judgment) 154 against a Pennsylvania real estate licensee because of fraud, misrepresentation, or deceit in a real estate transaction. The Fund repays 155 persons who have not been able to collect the judgment after trying all lawful ways to do so. For complete details about the Fund, call 000 (000) 000-0000.

BUYER INSPECTIONS. 128 (A) Unless Buyer and a seller agree otherwise, real estate is sold IN ITS PRESENT CONDITION. It is BuyerXxxxx’s responsibility to 129 determine whether the condition of the property is satisfactory. Buyer Xxxxx is advised to carry out an inspection, at Buyer’s expense, 130 by qualified professionals to determine the condition of the structure or its components. Areas of concern may include, but are 131 not limited to: electrical; plumbing; heating, ventilating and air conditioning; appliances and fixtures; water infiltration; base- 132 ment; roof; property boundaries; asbestos, mold and indoor air quality, carbon monoxide, radon, and environmental hazards or 133 substances; wood-destroying insect infestation; on-site water service and/or sewage system; property insurance; deeds, restric- 134 tions and zoning; and lead-based paint. Buyer should discuss inspections and any special needs with Licensee. 135 (B) Buyer is advised that information regarding properties considered for purchase by Buyer Xxxxx has been provided by a seller or a sell- 136 er’s broker. Such information may include, but is not limited to, the information on the Seller’s Property Disclosure Statement, 137 including environmental conditions; MLS information, including information regarding restrictions, taxes, assessments, associa- 138 tion fees000 xxxx xxxx, zoning restrictionsxxxxxx xxxxxxxxxxxx, dimensionsxxxxxxxxxx, boundaries (if identified); and marketing information. Unless otherwise noted, Broker 139 has not verified the accuracy of this information, and Buyer Xxxxx is advised to investigate its accuracy. 140 14. RECORDINGS ON THE PROPERTY 141 (A) Any person who intentionally intercepts oral communications by electronic or other means without the consent of all parties is 142 guilty of a felony under Pennyslvania Pennsylvania law. Buyers should not make recordings on the property that capture the oral statements of 143 other persons without having the full consent of all persons who are parties to the communication. 144 (B) Buyer should be aware that a seller’s property may contain smart home technologies or devices, which may record or allow for 145 remote monitoring of the seller’s property, including broadcasting or recording video and audio. Buyer should be aware that any 146 discussions, including discussions of negotiation strategies, held on the property may not be confidential. 147 (C) Buyer hereby releases all Brokers, their LICENSEES, employees and any OFFICER or PARTNER of any one of them, 148 and any PERSON, FIRM, or CORPORATION who may be liable through them, from any claims, lawsuits and actions 149 which may arise from any audio or video recordings occurring in or around any property considered for purchase by :_______ __ ________ 150 Buyer. 152 15. RECOVERY FUND 153 Pennsylvania has a Real Estate Recovery Fund (the Fund) to repay any person who has received a final court ruling (civil judgment) 154 against a Pennsylvania real estate licensee because of fraud, misrepresentation, or deceit in a real estate transaction. The Fund repays 155 persons who have not been able to collect the judgment after trying all lawful ways to do so. For complete details about the Fund, call 000 (000) 000-0000.

BUYER INSPECTIONS. 128 (A) Unless Buyer and a seller agree otherwise, real estate is sold IN ITS PRESENT CONDITION. It is BuyerXxxxx’s responsibility to 129 determine whether the condition of the property is satisfactory. Buyer Xxxxx is advised to carry out an inspection, at Buyer’s expense, 130 by qualified professionals to determine the condition of the structure or its components. Areas of concern may include, but are 131 not limited to: electrical; plumbing; heating, ventilating and air conditioning; appliances and fixtures; water infiltration; base- 132 ment; roof; property boundaries; asbestos, mold and indoor air quality, carbon monoxide, radon, and environmental hazards or 133 substances; wood-destroying insect infestation; on-site water service and/or sewage system; property insurance; deeds, restric- 134 tions and zoning; and lead-based paint. Buyer should discuss inspections and any special needs with Licensee. 135 (B) Buyer is advised that information regarding properties considered for purchase by Buyer has been provided by a seller or a sell- 136 er’s broker. Such information may include, but is not limited to, the information on the Seller’s Property Disclosure Statement, 137 including environmental conditions; MLS information, including information regarding restrictions, taxes, assessments, associa- 138 tion fees, zoning restrictions, dimensions, boundaries (if identified); and marketing information. Unless otherwise noted, Broker 139 has not verified the accuracy of this information, and Buyer Xxxxx is advised to investigate its accuracy. 140 14. RECORDINGS ON THE PROPERTY 141 (A) Any person who intentionally intercepts oral communications by electronic or other means without the consent of all parties is 142 guilty of a felony under Pennyslvania law. Buyers should not make recordings on the property that capture the oral statements of 143 other persons without having the full consent of all persons who are parties to the communication. 144 (B) Buyer should be aware that a seller’s property may contain smart home technologies or devices, which may record or allow for 145 remote monitoring of the seller’s property, including broadcasting or recording video and audio. Buyer should be aware that any 146 discussions, including discussions of negotiation strategies, held on the property may not be confidential. 147 (C) Buyer hereby releases all Brokers, their LICENSEES, employees and any OFFICER or PARTNER of any one of them, 148 and any PERSON, FIRM, or CORPORATION who may be liable through them, from any claims, lawsuits and actions 149 which may arise from any audio or video recordings occurring in or around any property considered for purchase by :_______ __ ________ 150 Buyer. 152 15. RECOVERY FUND 153 Pennsylvania has a Real Estate Recovery Fund (the Fund) to repay any person who has received a final court ruling (civil judgment) 154 against a Pennsylvania real estate licensee because of fraud, misrepresentation, or deceit in a real estate transaction. The Fund repays 155 persons who have not been able to collect the judgment after trying all lawful ways to do so. For complete details about the Fund, call 000 (000) 000-0000.

BUYER INSPECTIONS. 128 (A) Unless Buyer and a seller agree otherwise, real estate is sold IN ITS PRESENT CONDITION. It is BuyerXxxxx’s responsibility to 129 determine whether the condition of the property is satisfactory. Buyer Xxxxx is advised to carry out an inspection, at Buyer’s expense, 130 by qualified professionals to determine the condition of the structure or its components. Areas of concern may include, but are 131 not limited to: electrical; plumbing; heating, ventilating and air conditioning; appliances and fixtures; water infiltration; base- 132 ment; roof; property boundaries; asbestos, mold and indoor air quality, carbon monoxide, radon, and environmental hazards or 133 substances; wood-destroying insect infestation; on-site water service and/or sewage system; property insurance; deeds, restric- 134 tions and zoning; and lead-based paint. Buyer should discuss inspections and any special needs with Licensee. 135 (B) Buyer is advised that information regarding properties considered for purchase by Buyer Xxxxx has been provided by a seller or a sell- 136 er’s broker. Such information may include, but is not limited to, the information on the Seller’s Property Disclosure Statement, 137 including environmental conditions; MLS information, including information regarding restrictions, taxes, assessments, associa- 138 tion fees, zoning restrictions, dimensions, boundaries (if identified); and marketing information. Unless otherwise noted, Broker 139 has not verified the accuracy of this information, and Buyer Xxxxx is advised to investigate its accuracy. 140 14. RECORDINGS ON THE PROPERTY 141 (A) Any person who intentionally intercepts oral communications by electronic or other means without the consent of all parties is 142 guilty of a felony under Pennyslvania law. Buyers should not make recordings on the property that capture the oral statements of 143 other persons without having the full consent of all persons who are parties to the communication. 144 (B) Buyer should be aware that a seller’s property may contain smart home technologies or devices, which may record or allow for 145 remote monitoring of the seller’s property, including broadcasting or recording video and audio. Buyer should be aware that any 146 discussions, including discussions of negotiation strategies, held on the property may not be confidential. 147 (C) Buyer hereby releases all Brokers, their LICENSEES, employees and any OFFICER or PARTNER of any one of them, 148 and any PERSON, FIRM, or CORPORATION who may be liable through them, from any claims, lawsuits and actions 149 which may arise from any audio or video recordings occurring in or around any property considered for purchase by 150 Buyer. 152 15. RECOVERY FUND 153 Pennsylvania has a Real Estate Recovery Fund (the Fund) to repay any person who has received a final court ruling (civil judgment) 154 against a Pennsylvania real estate licensee because of fraud, misrepresentation, or deceit in a real estate transaction. The Fund repays 155 persons who have not been able to collect the judgment after trying all lawful ways to do so. For complete details about the Fund, call 000 (000) 000-0000.