Disclaimer of Warranties on New Construction?

I’m close to signing a contract for a condo in a new building. However, the offering plan has a disclaimer of all warranties on the part of the sponsor, which my attorney has never seen before. Is anybody else familiar with these kinds of disclaimers? Is this a new “standard” provision or a sign that the sponsor is doing something underhanded?

By davelk | 05/19/2008 1:15 PM