Sarah is a New York real estate agent representing a buyer interested in a 1974 house in Albany. The seller provided the required lead-based paint disclosure. What EPA pamphlet must also be provided to Sarah's buyer?
Correct Answer
D) Protect Your Family From Lead in Your Home
The EPA pamphlet 'Protect Your Family From Lead in Your Home' must be provided to buyers of homes built before 1978 as part of the federal lead-based paint disclosure requirements that New York follows.
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A seller's disclosure statement is a form that sellers complete to inform buyers about the condition and history of the property, including known defects, past repairs, insurance claims, and environmental issues.
Many states and localities have fair housing laws that expand upon the protections offered by the federal Fair Housing Act.
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.
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Under New York State law, lead-based paint disclosure requirements apply to all of the following transactions EXCEPT:
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A buyer in New York exercises their right to conduct a lead inspection on a 1972 home. The inspection reveals lead-based paint hazards. Under New York law, what happens next?