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Mandated DisclosuresEnvironmental_and_federal_disclosures_in_gaEASY

Buyer agent Jennifer's clients are purchasing a 1965 home. The lead disclosure has been provided, but the buyers want to waive their 10-day inspection period to strengthen their offer. Under federal law, can they do this?

Correct Answer

A) Yes, buyers can waive the inspection period in writing

Federal lead disclosure law allows buyers to waive their 10-day inspection opportunity in writing. B is incorrect - the period can be waived. C is incorrect - seller consent is not required for buyer waiver. D is incorrect - prior inspection is not required for waiver.

Answer Options
A
Yes, buyers can waive the inspection period in writing
B
No, the 10-day period is mandatory and cannot be waived
C
Yes, but only with seller's written consent
D
No, unless a professional inspection has already been conducted

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Related Topics & Key Terms

Key Terms:

lead_paintinspection_waiverbuyer_rightsfederal_requirements
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