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
Protected Classes
Protected classes are groups of people who are legally shielded from discrimination based on specific characteristics.
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.
Flood Zone Disclosure
Flood zone disclosure requires informing buyers whether a property is located in a designated flood zone as mapped by FEMA. Properties in high-risk flood zones may require mandatory flood insurance.
Megan's Law Disclosure
Megan's Law requires states to make information about registered sex offenders available to the public. Some states require real estate agents to inform buyers about the availability of sex offender registries.
Radon Disclosure
Radon disclosure involves informing buyers about the presence or potential presence of radon gas in a property. Radon is a naturally occurring radioactive gas that can accumulate in buildings and is the second leading cause of lung cancer.
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.