In the context of real estate, what is an express promise made by a seller called?

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Study for the University of Central Florida REE3433 Real Estate Law Exam. Engage with flashcards and multiple choice questions, with hints and explanations for each question. Prepare effectively for your test!

An express promise made by a seller in the context of real estate is referred to as an express warranty. This term indicates a specific assurance or guarantee made by the seller regarding the condition or quality of the property being sold. An express warranty is typically a statement found in the sales contract or other documents, clearly outlining what the seller is promising about the property, such as its state of repair, its value, or the absence of certain defects.

This concept is integral to real estate transactions because it provides the buyer with reassurance about what they can expect from the property. For instance, if a seller states that the roof is new or that the plumbing has been updated, these statements can be considered express warranties and form a critical part of the buyer's decision-making process.

In contrast, other terms mentioned have different meanings. An implied warranty refers to assurances that are not explicitly stated but are legally presumed to exist, such as the assumption that the property is fit for habitation. A purchase agreement is a broader contract that includes the terms of the sale rather than specific promises, and a sales disclosure typically involves providing information about the property's condition but does not entail an express commitment by the seller regarding specific aspects of the property.