An Ohio seller of a pre-1978 duplex is selling the property to an investor. The seller previously had one unit tested, which showed no lead, but the other unit was never tested. Under federal law, what must the seller disclose?
Correct Answer
D) The test results for the tested unit and the fact that the other unit has never been tested
The seller must disclose all known information, including the negative test result for the tested unit and the fact that the other unit has never been tested. Full disclosure ensures the buyer has complete information about the lead paint status of the entire property.
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- → Tom, an Ohio seller, asks whether he must disclose that the property has a sump pump in the basement. Under Ohio disclosure practice, which statement is correct?
- → Kevin, an Ohio first-time seller, asks whether he must disclose that his property is connected to the municipal sewer system. Under Ohio disclosure practice, which statement is correct?
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Previous Question
Ed, an Ohio seller, asks his agent whether lead-based paint disclosure applies to the sale of a vacant lot he owns. Under federal law, does lead paint disclosure apply?
Next Question
An Ohio listing agent fails to include the lead-based paint disclosure addendum in a purchase agreement for a pre-1978 home. The transaction closes, and the buyer later discovers lead paint. Under federal law, what liability does the listing agent face?