Under federal law, buyers of pre-1978 homes have how many days to conduct a lead-based paint inspection, and can this right be waived?
Correct Answer
B) Buyers have 10 days to inspect, and this right can be waived in writing
Under the federal Residential Lead-Based Paint Hazard Reduction Act (42 U.S.C. § 4852d), buyers of housing built before 1978 must be given a 10-day opportunity to conduct a lead-based paint inspection or risk assessment. This right may be waived by the buyer in writing. Sellers are not required to pay for the inspection, and the right is not mandatory — it is the opportunity that is required.
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Related Concepts
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.
Environmental hazards disclosure involves informing buyers about environmental contamination or hazards affecting or potentially affecting a property, including underground storage tanks, contaminated soil, hazardous waste, and proximity to Superfund sites.
Flood zone disclosure requires informing buyers whether a property is located in a designated flood zone as mapped by FEMA. Properties in high-risk flood zones may require mandatory flood insurance.
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