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Mandated DisclosuresLead_based_paint_and_illinois_radon_disclosuresMEDIUM

Under the Illinois Radon Awareness Act and the federal lead-based paint disclosure framework, which of the following statements is NOT correct?

Correct Answer

D) A seller satisfies all radon disclosure obligations solely by providing the Residential Real Property Disclosure Report, because radon disclosures are fully incorporated into that report.

Option D is incorrect as a matter of law. The Illinois Radon Awareness Act imposes disclosure obligations that are separate from and in addition to the Residential Real Property Disclosure Report. Sellers must provide buyers with the Illinois Emergency Management Agency radon guide and, when applicable, any radon test results in the seller's possession showing elevated levels. Radon disclosure is not 'folded into' the RRPD alone; the two regimes operate independently.

Answer Options
A
A seller who possesses radon test results showing elevated levels must provide those results to the buyer.
B
Federal lead-based paint disclosure requirements generally apply to residential housing built before 1978.
C
A buyer of pre-1978 housing generally has a 10-day opportunity to conduct a lead-based paint risk assessment or inspection, unless that opportunity is waived or modified as permitted.
D
A seller satisfies all radon disclosure obligations solely by providing the Residential Real Property Disclosure Report, because radon disclosures are fully incorporated into that report.

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Related Topics & Key Terms

Key Terms:

difficulty_3disclosuresillinois_stateinspection_opportunitylead_based_paint_and_illinois_radon_disclosureslead_paintlead_paint_radon_ilpamphletpre_1978radonreversetest_results

Related Concepts

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."

A material defect is a condition that significantly affects the value, desirability, or safety of a property and that would likely influence a reasonable buyer's decision to purchase or the price they would pay.

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.

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