Under federal lead-based paint disclosure requirements, all parties in a real estate transaction involving a pre-1978 property have specific obligations. All of the following are correct statements about these obligations EXCEPT:
Correct Answer
B) The buyer's agent must independently test the property for lead paint before the buyer can waive the inspection
The buyer's agent is not required to independently test the property for lead paint. The agent's role is to ensure the buyer is informed about lead paint risks and the option to have the property tested. The decision to test or waive is the buyer's.
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Previous Question
Rebecca, an Ohio buyer, is purchasing a pre-1978 home. The lead paint disclosure addendum in her purchase agreement includes an option to waive the 10-day lead inspection period. Under federal law, may Rebecca waive this right?
Next Question
An Ohio seller provides the lead-based paint disclosure showing a prior lead test found lead paint in the living room window sills. The buyer requests the seller to remediate before closing. Under federal law, is the seller required to remediate?