Have you seen the proposed 2008 GAR contracts?
The current draft which is circulating is VERY different than contracts before.
1. There is no "INSPECT AND REPAIRS" section. All offers will be under DUE DILIGENCE or AS IS.
2. There is no FINANCING CONTINGENCY. There is a new APPRAISAL CONTINGENCY, which is optional.
3. Inspection is certainly allowed, but since there is no INSPECT/REPAIR option, there's no need to define what defective or unsafe is.
As always, I'm sure that there will be classes offered by various instructors in the area...