In September 2026, a seller planned to sign a contract to sell a 1968 single-family home. Before the buyer signs, which action is NOT required by the federal lead-based paint disclosure rule?
Correct Answer
B) Remove, encapsulate, or permanently eliminate all lead-based paint before the contract is signed
The federal lead disclosure rule requires disclosure and information-sharing, not mandatory pre-sale abatement in every transaction. Sellers generally must disclose known information, provide the required pamphlet and warning language, and give the buyer the inspection opportunity described in the rule.
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A buyer's attorney recommended a Phase I environmental site assessment for a former auto-parts warehouse before closing in 2026. What is the main purpose of that Phase I review?
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In October 2026, a seller listed a 1972 duplex and told the broker that an old lead inspection report was still in the file from prior renovations. Before contract execution, what is the best federal compliance step?