An agent is listing a home built in 1975. The seller mentions recent paint work was done but is unsure whether lead-based paint is present. What is the agent's primary obligation regarding lead-based paint disclosure for this property?
Correct Answer
B) Provide the EPA pamphlet and ensure proper disclosure forms are completed
Under the Residential Lead-Based Paint Hazard Reduction Act of 1992 (Title X) and EPA/HUD regulations (24 CFR Part 35), sellers and their agents must provide buyers with the EPA pamphlet 'Protect Your Family From Lead in Your Home' and ensure that the lead-based paint disclosure form is properly completed for all residential properties built before 1978.
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Related Topics & Key Terms
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Related Concepts
Environmental hazards disclosure involves informing buyers about environmental contamination or hazards affecting or potentially affecting a property, including underground storage tanks, contaminated soil, hazardous waste, and proximity to Superfund sites.
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.
HOA disclosure requires informing buyers about the existence, rules, fees, financial health, and restrictions of a homeowners association governing the property. This information helps buyers understand their obligations before purchase.
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