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?
Correct Answer
D) The agent may be held liable as a party who failed to ensure compliance with federal lead paint disclosure requirements
Under federal law, real estate agents have an independent obligation to ensure compliance with lead paint disclosure requirements. Failure to include the required disclosure addendum can result in liability for the agent, including potential EPA penalties and civil liability to the buyer.
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More Oh Disclosure Requirements Questions
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Previous Question
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?
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An Ohio seller is selling a housing unit in a senior living community exclusively for residents aged 62 and older. The building was constructed in 1970. Under federal lead paint disclosure law, is the seller exempt?