Disclosure and disclaimer exemptions vary by state, and they are intended to balance the interests of home sellers and buyers. These exemptions typically apply to situations where the seller has little or no knowledge of any significant issues with the property or when the property is being sold "as-is." By exempting certain types of properties from disclosure or disclaimer requirements, states can make the home-selling process less complicated and less expensive, while still protecting buyers from fraud or misrepresentation. To determine if these exemptions apply to your property, it's important to review the specific rules and regulations in your state.