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hi this is John Goodman today we are talking about what the phrase as is means in the contract now unlike the phrase earnest money going hard which we talked about in the last webcast that phrase earnest money going hard doesnt have any meaning the phrase as is actually does have meaning but it doesnt mean what most people think it means some people think that they phrase as is means that the seller is not obligated to disclose anything about the property that it relieves the seller from disclosing adverse problems latent material defects that the seller is aware of regarding the property that is not what as is means and in in Colorado for example in residential real estate transactions its pretty clear that a seller cannot contract away the sellers obligations to disclose latent material defects of which theyre aware of perhaps in commercial real estate transactions they can but not in transactions that are primarily not not in transactions where the seller is primarily selling p