Victor, an Ohio listing agent, is preparing the lead-based paint disclosure addendum for a pre-1978 home. Under federal law, who must sign the lead paint disclosure?
Correct Answer
B) The seller, buyer, and their respective agents must all sign the disclosure
Under 40 CFR Part 745, the lead-based paint disclosure must be signed by the seller, the buyer, and both agents (if agents are involved). Each signature serves a different purpose: the seller confirms disclosure, the buyer acknowledges receipt, and the agents confirm they informed their clients of their obligations.
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More Oh Disclosure Requirements Questions
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Previous Question
An Ohio real estate transaction involves a pre-1978 home where the seller states 'no knowledge of lead paint.' The buyer conducts a lead inspection during the 10-day period and finds lead paint in multiple rooms. Under Ohio practice, what can the buyer do?
Next Question
An Ohio property built in 1975 is being sold as a short sale (lender-approved sale for less than the mortgage balance). The seller has moved out and the bank is managing the sale. Under federal law, who is responsible for providing the lead-based paint disclosure?