Under federal law, a buyer purchasing a pre-1978 home has how many days to conduct a lead-based paint inspection, and can this right be waived?
Correct Answer
B) 10 days, and the right can be waived in writing
Under federal regulations (40 CFR Part 745 and 24 CFR Part 35), buyers of pre-1978 residential properties have a 10-day opportunity — or a mutually agreed-upon period — to conduct a lead-based paint risk assessment or inspection before becoming obligated under the contract. Buyers may waive this right in writing. Sellers must also provide the EPA-approved lead hazard information pamphlet and disclose any known lead-based paint hazards.
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Violating fair housing laws can lead to significant penalties, including fines, civil liability, and professional discipline.
Death on property disclosure addresses whether sellers must inform buyers about deaths that occurred on the property, including natural deaths, suicides, and murders. Requirements vary significantly by state.
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