Federal law requires sellers to disclose known lead-based paint hazards in homes built before which year?
Correct Answer
C) Homes built before 1978
Under the federal Residential Lead-Based Paint Hazard Reduction Act (42 U.S.C. § 4852d), sellers and landlords must disclose known lead-based paint hazards in housing built before 1978, the year the federal government banned residential use of lead-based paint. This requirement applies in Alaska as in all states.
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A stigmatized property is one that has an undesirable reputation due to events that occurred on the property or nearby, such as a murder, suicide, alleged haunting, or proximity to a registered sex offender. The stigma is psychological, not physical.
An as-is clause in a real estate contract states that the buyer accepts the property in its current condition without requiring the seller to make any repairs. However, an as-is sale does NOT eliminate the seller's obligation to disclose known defects.
Asbestos disclosure involves informing buyers about the presence of asbestos-containing materials (ACMs) in a property. Asbestos was commonly used in construction materials before 1980 and poses health risks when fibers become airborne.
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