Many trust sales that I see do not pay for a termite report. This is because many of them are in poor condition and are priced well to reflect that. That doesn't mean you can't make it part of your inspections. You have a right to a termite inspection but you my have to pay for it yourself. If the property has been on the market a while I would ask for them to pay for the termite inspection and the work it may need.
An "AS IS" sale simply means that a seller is not willing to pay for any repairs or make any concessions. You should always have a physical investigation contingency in your contract with "AS IS" sales. This way you can get an inspector in to tell you the condition of the house especially important systems like A/C, plumbing, roof. If the inspector finds items that are very costly or that you are uncomfortable with, you can back out of the contract.
Even though, the seller is marketing the property in AS IS condition, it doesn't stop you from asking the seller to make repairs or give a price concession. Your agent should be able to guide you accordingly.
The seller though is under no obligations to pay for any repairs.
Having a Physical Inspection contingency will give you a choice to either go forward and close the sale or to back out.
Every situation is different and you need a real estate professional to guide you through your purchase.
The Sanborn Team would be happy to assist you. Please feel free to call me at 310-777-2858