Lead-Based Paint Disclosure
Definition
The Lead-Based Paint Disclosure is a federally mandated disclosure required for all residential properties built before 1978. Sellers and landlords must disclose known lead-based paint hazards and provide the EPA pamphlet "Protect Your Family From Lead in Your Home."
Example
A seller lists a home built in 1965. Before the sale, the seller must provide the buyer with the EPA pamphlet, disclose any known lead paint, and allow the buyer 10 days to conduct a lead paint inspection. The buyer can waive the inspection but must be given the opportunity.
Exam Tip
Pre-1978 is the key date—memorize it. Lead-based paint disclosure is FEDERAL (not just state). Sellers must disclose KNOWN lead paint but are NOT required to test for it. Buyers get a 10-day inspection period (waivable). Applies to residential property only, not commercial. This is one of the most heavily tested disclosures.
Related Disclosures Terms
Scope of Fair Housing Laws
Fair housing laws apply to a broad range of activities related to housing, including sale, rental, financing, and advertising.
Protected Classes
Protected classes are groups of people who are legally shielded from discrimination based on specific characteristics.
Consequences of Fair Housing Violations
Violating fair housing laws can lead to significant penalties, including fines, civil liability, and professional discipline.
State and Local Fair Housing Laws
Many states and localities have fair housing laws that expand upon the protections offered by the federal Fair Housing Act.
Property Condition Disclosure
A property condition disclosure is a written statement by the seller detailing the known condition of the property, including defects, repairs, and issues with major systems. Most states require sellers to complete this form.
Seller's Disclosure Statement
A seller's disclosure statement is a form that sellers complete to inform buyers about the condition and history of the property, including known defects, past repairs, insurance claims, and environmental issues.
Frequently Asked Questions
Test Your Disclosures Knowledge
Practice with exam-style questions to make sure you can apply Lead-Based Paint Disclosure and other disclosures concepts.