Under federal lead-based paint disclosure rules, what right must be offered to buyers of homes built before 1978?
Correct Answer
B) A 10-day opportunity to conduct a lead-based paint inspection or risk assessment, which the buyer may waive
Under the federal Residential Lead-Based Paint Hazard Reduction Act, buyers of pre-1978 housing must be given a 10-day period to conduct a lead-based paint inspection or risk assessment at their own expense. This 10-day window is a default period that the buyer may voluntarily waive in writing. This federal requirement applies to all residential sales in Alaska.
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Related Concepts
A stigmatized property is one that has an undesirable reputation due to events that occurred on the property or nearby, such as a murder, suicide, alleged haunting, or proximity to a registered sex offender. The stigma is psychological, not physical.
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