It is an information window and an exit. It is not a repair order — the seller is under no obligation to fix anything you find.
Exactly what the condition entitles you to depends on how it is worded, and that wording is negotiable when the offer is written. If a lot is riding on it, that is a question for your lawyer, not a general article.
Not a warranty. Not a code inspection. Not a guarantee that nothing will fail in year two. And not a licence to reopen the price over a list of ordinary maintenance — a long report is normal, and a seller who is asked to fix forty items usually stops negotiating rather than starts.
Use it for what changes the deal: safety, structure, water, and systems at the end of their life. Not for the cabinet hinges.
Attend in person — two hours with a good inspector teaches you more about the house than every showing combined. Add a sewer scope or a specialist where the age or the findings warrant it. Then get a real quote before you ask for anything, so the number you put in front of the seller is defensible. Our guide to reading an inspection report covers how to triage the findings.