Radon Disclosure
Definition
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.
Example
A home inspection reveals radon levels of 6 pCi/L in the basement, above the EPA action level of 4 pCi/L. The buyer requests a radon mitigation system as a condition of the purchase. The seller installs a sub-slab depressurization system for $1,500, reducing radon levels to 1.2 pCi/L.
Exam Tip
Know that the EPA action level for radon is 4 pCi/L. Radon is a naturally occurring gas, not a man-made pollutant. It is the second leading cause of lung cancer (after smoking). Sellers must disclose known radon test results in most states. Radon is MITIGABLE—it can be reduced to safe levels.
Related Disclosures Terms
Protected Classes
Protected classes are groups of people who are legally shielded from discrimination based on specific characteristics.
Lead-Based Paint Disclosure
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."
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.
Frequently Asked Questions
Test Your Disclosures Knowledge
Practice with exam-style questions to make sure you can apply Radon Disclosure and other disclosures concepts.