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Mandated Disclosures

Required property disclosures and transfer disclosure statements

200 questions10 concepts
Mandated Disclosures β€” Study Card
Mandated Disclosures study card infographic showing key concepts, exam weight (6%), and memory aids
AI-generated study card for Mandated Disclosures. Covers 6% of the real estate exam.
Difficulty Breakdown
Easy57 (28%)
Medium106 (53%)
Hard37 (19%)
Study Tips for Disclosures
  • β€’Lead paint disclosure applies to ALL residential properties built before 1978
  • β€’Buyers get 10 days for lead inspection β€” this is a federal requirement
  • β€’"As-is" does NOT eliminate disclosure obligations
  • β€’Agents must disclose known material facts even if the seller doesn't want them to

Key Concepts

Protected Classes

Protected classes are groups of people who are legally shielded from discrimination based on specific characteristics.

Lead-Based Paint Disclosure

The Lead-Based Paint Disclosure is a federally mandated disclosure required for all residential properties built before 1978. Sellers and landlords must disclose known lead-based paint hazards and provide the EPA pamphlet "Protect Your Family From Lead in Your Home."

Property Condition Disclosure

A property condition disclosure is a written statement by the seller detailing the known condition of the property, including defects, repairs, and issues with major systems. Most states require sellers to complete this form.

Seller's Disclosure Statement

A seller's disclosure statement is a form that sellers complete to inform buyers about the condition and history of the property, including known defects, past repairs, insurance claims, and environmental issues.

Flood Zone Disclosure

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.

Megan's Law Disclosure

Megan's Law requires states to make information about registered sex offenders available to the public. Some states require real estate agents to inform buyers about the availability of sex offender registries.

Radon Disclosure

Radon disclosure involves informing buyers about the presence or potential presence of radon gas in a property. Radon is a naturally occurring radioactive gas that can accumulate in buildings and is the second leading cause of lung cancer.

Asbestos Disclosure

Asbestos disclosure involves informing buyers about the presence of asbestos-containing materials (ACMs) in a property. Asbestos was commonly used in construction materials before 1980 and poses health risks when fibers become airborne.

Mold Disclosure

Mold disclosure involves informing buyers about the presence of mold or conditions that are conducive to mold growth in a property. While no federal mold disclosure law exists, many states require disclosure of known mold issues.

HOA Disclosure

HOA disclosure requires informing buyers about the existence, rules, fees, financial health, and restrictions of a homeowners association governing the property. This information helps buyers understand their obligations before purchase.

Practice Questions

Buyer_rescission_rights_three_business_days(7)

Under the Washington Seller Disclosure Act (RCW 64.06), which of the following statements about a buyer's right to rescind after receiving Form 17 is NOT accurate?

MEDIUM

Maria receives the completed Seller Disclosure Statement (Form 17) from the seller on a Friday afternoon. Assuming Saturday and Sunday are not business days, what is the last day Maria can exercise her statutory right to rescind the purchase and sale agreement under Washington law?

EASY

Sandra is buying a condominium unit in Seattle. She receives the seller's completed Form 17 (Seller Disclosure Statement) on Tuesday and the condominium's public offering statement on the same day. Sandra wants to know the latest she can rescind each document separately. Which of the following correctly states her rescission deadlines under Washington law?

MEDIUM

Under the Washington Seller Disclosure Act, after a buyer receives a completed Seller Disclosure Statement (Form 17), how many business days does the buyer have to rescind the purchase and sale agreement?

EASY

David is purchasing a single-family home in Spokane. He signs the purchase and sale agreement on Monday and receives the completed Form 17 from the seller on Wednesday. On Friday β€” two business days after receiving Form 17 β€” David discovers a neighbor dispute mentioned in the disclosure that concerns him. He notifies his broker that he wants to cancel the transaction. Which of the following statements best describes David's legal position under Washington law?

MEDIUM

A seller in Bellevue deliberately delivers a partially completed Form 17 to the buyer, intentionally omitting known information about a leaking roof. The buyer does not rescind within three business days of receiving the incomplete form and the transaction closes. Six months later, the buyer discovers the roof defect. Which of the following best describes the buyer's legal position under Washington law?

HARD

Kevin is representing a seller in a residential transaction in Tacoma. The buyer receives Form 17 on Thursday. The following Monday, the buyer's broker calls Kevin to say the buyer wants to rescind the agreement. Kevin tells the seller that the buyer's rescission is untimely because more than three days have passed since the buyer received Form 17. Is Kevin's advice correct under Washington law?

MEDIUM

Disclosure_vs_disclaimer_statement(7)

Agent Kevin, who recently transferred his license from a state that requires mandatory seller disclosure, is now working in Virginia. He tells his seller client, Patricia, that she must complete a full disclosure statement listing all known defects before listing her home. Patricia's neighbor, who recently sold her own home, tells Patricia that she used a disclaimer statement instead. Which of the following statements best describes the correct legal position under Virginia law?

HARD

A buyer's agent in Virginia is working with a client, David, who is under contract to purchase a home where the seller has provided a disclaimer statement under the Virginia Residential Property Disclosure Act. David asks his agent what the disclaimer means for him as the buyer. Which of the following is the most accurate explanation the agent should provide?

MEDIUM

Tom is purchasing a resale home in Fairfax County. The seller, Linda, provides Tom with a disclaimer statement under the Virginia Residential Property Disclosure Act rather than a full disclosure statement. After moving in, Tom discovers that the basement has a chronic water intrusion problem that Linda knew about for years but never mentioned. Which of the following most accurately describes Tom's legal position?

MEDIUM

Agent Sandra is representing the seller of a residential property in Virginia Beach. The seller has opted to provide a disclaimer statement under the Virginia Residential Property Disclosure Act. A prospective buyer's agent asks Sandra whether the seller is required to disclose a roof leak that the seller mentioned to Sandra in private. How should Sandra advise her seller client?

MEDIUM

Under the Virginia Residential Property Disclosure Act, which of the following statements about the disclaimer statement option is NOT accurate?

MEDIUM

Under the Virginia Residential Property Disclosure Act (Va. Code Β§ 55.1-700 et seq.), which of the following best describes the purpose of a disclaimer statement?

EASY

Maria is selling her single-family home in Richmond, Virginia. Her listing agent explains that under Virginia law, Maria has two options for satisfying her disclosure obligations to the buyer. Which statement correctly describes those two options?

EASY

Environmental(28)

Under Connecticut law, which statute specifically governs the transfer of properties that have been used to store or handle hazardous waste, requiring environmental investigation before or after the transfer?

EASY

A Colorado listing broker is completing the CREC-approved Seller's Property Disclosure form with a seller in Jefferson County. The seller has lived on the property for 15 years and has direct knowledge of several environmental conditions. Which of the following is NOT required to be disclosed on the Seller's Property Disclosure form under Colorado law?

MEDIUM

A buyer's agent in Connecticut, Rachel, is representing a client purchasing a mixed-use building. During due diligence, Rachel discovers that the property is subject to the Connecticut Transfer Act and that the seller has filed Form III, establishing a post-transfer remediation schedule. The buyer is eager to close quickly. Which of the following best describes the legal and professional implications for Rachel and her client under Connecticut law?

HARD

A Connecticut real estate licensee is advising a client on environmental disclosure obligations. Which of the following properties would most likely NOT trigger the Connecticut Transfer Act under CGS Β§Β§ 22a-134 through 22a-134e?

HARD

A seller in Grand Rapids is selling a single-family home built in 1975. The seller completes a Seller's Disclosure Statement and delivers it to the buyer before the purchase agreement is signed. The buyer reviews the statement and notices the seller checked 'unknown' for the presence of lead-based paint. Under the Michigan Seller Disclosure Act, what is the buyer's right upon receiving this disclosure?

EASY

A Connecticut listing agent, David, is working with a seller who owns an old gas station that was decommissioned five years ago. Underground storage tanks were previously used on the property. A buyer has made an offer and asks David whether any special environmental laws apply to this transaction. Which of the following statements best describes David's obligation under Connecticut law?

MEDIUM

Under Colorado law, which document must a seller of residential real property use to disclose known material defects, including environmental conditions, to a prospective buyer?

EASY

Sandra is selling her home in Edison, New Jersey. She knows that a dry-cleaning business operated on the adjacent lot for 20 years and that the New Jersey Department of Environmental Protection has listed that site as a known contaminated area under the Industrial Site Recovery Act (ISRA). Sandra believes the contamination has not spread to her property. How should Sandra handle this information on the New Jersey Property Condition Disclosure Statement?

MEDIUM

Sandra is selling her single-family home in New Haven, Connecticut. She is aware that the previous owner operated a small auto repair shop in the garage for several years, and suspects that motor oil and other fluids may have been disposed of improperly on the property. Sandra's agent, Tom, is preparing the listing. Which of the following correctly describes the disclosure obligations that apply to this residential sale?

MEDIUM

A buyer's broker in Colorado is representing the Nguyen family in the purchase of a rural property in Weld County. The family asks their broker whether the property's well water has ever tested positive for nitrate contamination. The listing agent says the seller is unaware of any such testing. Under Colorado disclosure law, which statement best describes the broker's obligation in this situation?

MEDIUM

A New Jersey homeowner is selling a property that was previously used as a gas station. The owner remediated the site under NJDEP oversight and received a No Further Action (NFA) letter confirming cleanup completion. The owner is now selling the property as a residential lot. Which statement best describes the seller's disclosure obligation regarding the prior environmental contamination?

EASY

Derek is purchasing a 1960s-era home in Denver, Colorado. After the contract is executed, the seller discloses on the CREC Seller's Property Disclosure form that lead-based paint was used throughout the interior. Derek's broker explains that Colorado and federal law both impose obligations in this situation. Which statement accurately describes the combined federal and Colorado disclosure requirements for lead-based paint in this transaction?

MEDIUM

Tom is a Colorado licensed broker associate representing a seller in Adams County. During a walkthrough, Tom personally observes what appears to be staining consistent with a prior oil spill near the detached garage, though the seller has not mentioned it and the Seller's Property Disclosure form does not reference it. The seller insists there is nothing to disclose and instructs Tom to proceed with marketing. Under Colorado law, what is Tom's most appropriate course of action?

HARD

Under the Connecticut Transfer Act, which of the following forms must be filed when the transferor certifies that no hazardous waste was generated, stored, treated, or disposed of on the property, and no contamination is known to exist?

MEDIUM

Sandra is selling her home in Flint, Michigan. During the listing process, her agent discovers through a public records search that the property is located within a designated environmental contamination zone under Michigan's Part 201 cleanup program. Sandra claims she was unaware of this designation and wants to omit it from the Seller's Disclosure Statement. What should the listing agent advise Sandra to do?

MEDIUM

A developer is selling a newly constructed home in a subdivision where a Phase I Environmental Site Assessment previously identified a recognized environmental condition (REC) from a former dry-cleaning operation on an adjacent parcel. The developer did not include this information on the Seller's Disclosure Statement, arguing that the REC was found on a neighboring property, not on the subject property itself. A buyer purchases the home and later discovers the omission. Under Michigan law, which statement most accurately describes the developer's disclosure obligation?

HARD

Maria is purchasing a small dry-cleaning business in Hartford, Connecticut. The property has been used for dry-cleaning operations for over 20 years and has stored solvents classified as hazardous substances. Before the sale closes, which Connecticut-specific requirement is most likely triggered that does NOT apply to a typical residential home sale?

EASY

A buyer, Thomas, is under contract to purchase a 1955 colonial in Montclair, New Jersey. The seller provided the Property Condition Disclosure Statement at the time of contract signing, which stated no known lead-based paint hazards. After the home inspection, Thomas's inspector identifies deteriorating paint on the exterior trim that may contain lead. Thomas is now concerned and wants to rescind the contract based on the possible lead paint finding. Under New Jersey law, which of the following most accurately describes Thomas's legal position?

HARD

Marcus is purchasing a lakefront property on Lake Michigan. His agent informs him that a portion of the shoreline near the property is subject to regulation under the Michigan Natural Resources and Environmental Protection Act (NREPA). The seller did not disclose any environmental restrictions on the Seller's Disclosure Statement. Marcus later discovers that construction within 100 feet of the ordinary high-water mark requires a permit from EGLE. Which statement best describes the agent's disclosure obligation in this situation?

MEDIUM

Sandra is selling her home in Larimer County, Colorado. Three years ago, a licensed contractor confirmed the presence of mold caused by a slow roof leak; the leak was repaired and the mold was professionally remediated. Sandra believes the problem is fully resolved. When completing the CREC Seller's Property Disclosure form, Sandra tells her broker she does not need to disclose the past mold issue because it no longer exists. Which of the following best describes Sandra's disclosure obligation under Colorado law?

HARD

+ 8 more questions

Environmental_and_federal_disclosures_in_ga(37)

A Georgia listing agent learns that a property may have environmental concerns including possible soil contamination and proximity to wetlands. The agent is unsure whether Georgia has a specific environmental disclosure statute governing these issues. Which approach best reflects how Georgia licensees should handle environmental disclosure obligations?

HARD

A buyer asks a Georgia licensee whether a property has radon, mold, or asbestos issues. Georgia does not have a single mandatory statewide environmental disclosure form covering all such hazards. How should the licensee best handle environmental concerns raised during a residential transaction?

MEDIUM

A listing agent discovers that a property had defective Chinese drywall installed during a 2006 renovation, which was completely removed and replaced with standard drywall in 2012. The seller has documentation of the replacement but asks the agent whether disclosure is necessary since the problem was fully corrected. What is the agent's obligation?

MEDIUM

Buyer agent Lisa's clients are purchasing a home built in 1968. The seller has disclosed lead-based paint presence and provided all required documentation. The buyers' home inspector recommends lead dust testing. Who typically pays for this specialized testing?

EASY

A buyer's agent is working with clients purchasing a home built in 1972. The seller has provided the required federal disclosures for the transaction. Which of the following is NOT required under federal law for this transaction?

EASY

A buyer's agent is representing clients interested in a property built in 1982. The seller's disclosure indicates the basement was renovated in 1995 and asbestos floor tiles were removed at that time. What should the buyer's agent advise the clients?

EASY

Agent Sarah is representing a buyer interested in a 1975 home in Savannah. The seller mentions that the house was recently renovated but doesn't know if lead-based paint testing was done. Under federal law, what disclosure obligation does the seller have regarding lead-based paint?

MEDIUM

A buyer asks a Georgia broker directly whether a parcel of land contains protected wetlands. The broker has no specialized environmental training and has not received any information about wetlands on the property. What is the broker's most appropriate course of action?

MEDIUM

A Georgia licensee is explaining lead-based paint disclosure requirements to a new agent. Which statement correctly describes the legal basis for these requirements?

MEDIUM

A buyer's agent represents clients purchasing a pre-1978 home. The sellers have provided the required lead-based paint disclosure and EPA pamphlet. The buyers have been informed of their right to a 10-day lead inspection period. How should the agent advise the buyers regarding this inspection period?

EASY

A property located in a Special Flood Hazard Area (Zone AE) is under contract with buyers obtaining conventional financing. Which disclosure requirement applies to this transaction?

HARD

A buyer asks a Georgia licensee about potential flood-zone risks, radon exposure, and whether the property may contain asbestos. Georgia does not have a single comprehensive environmental disclosure statute covering all such issues. How should the licensee best handle these environmental concerns?

HARD

Agent Mark discovers that a listed property had a meth lab remediated in 2019 according to state protocols. The seller wants to keep this confidential. Which approach is NOT appropriate under Georgia law?

MEDIUM

Agent Carlos is listing a property near a former gas station that has underground storage tanks. The seller received a 'No Further Action' letter from the EPD after remediation. Which approach would NOT be appropriate for Carlos?

MEDIUM

A prospective buyer asks a Georgia licensee whether a lakefront lot is located in a flood zone. The licensee is unsure of the property's flood designation. What is the most appropriate response?

MEDIUM

Agent Lisa is working with buyers looking at a 1985 home. The seller's disclosure indicates 'no knowledge of asbestos.' Which statement about asbestos disclosure requirements is INCORRECT?

EASY

A Georgia broker encounters questions from a buyer about radon levels, possible mold contamination, and whether wetlands may affect a property. No standardized Georgia statutory disclosure form exists for these specific environmental issues. What is the broker's best course of action?

MEDIUM

Agent Kelly discovers that her listed property had a heating oil tank removed from the basement in 2010, with soil remediation completed. The seller has documentation showing successful cleanup. How should Kelly handle this disclosure?

MEDIUM

Buyer agent Jennifer's clients are purchasing a 1965 home. The lead disclosure has been provided, but the buyers want to waive their 10-day inspection period to strengthen their offer. Under federal law, can they do this?

EASY

A buyer's agent learns that a property under consideration was previously used as a dry cleaner and that an environmental site assessment revealed soil contamination requiring ongoing monitoring. What is the agent's primary legal obligation regarding this information?

MEDIUM

+ 17 more questions

Environmental_disclosures(7)

Under the Maryland Lead Poisoning Prevention Program, which properties are subject to the mandatory lead paint registration and risk reduction certificate requirements?

EASY

A landlord in Baltimore owns a duplex built in 1965 and is about to rent one unit to a new tenant. Before the tenant moves in, which Maryland-specific obligation must the landlord fulfill that goes beyond the federal lead-based paint disclosure requirement?

EASY

Under Maryland law, a landlord renting a pre-1978 residential property must fulfill several obligations related to lead paint before a new tenant takes occupancy. Which of the following is NOT a required obligation under Maryland's Lead Poisoning Prevention Program?

MEDIUM

Marcus is a landlord who owns a 1972 rowhouse in Baltimore City that he rents to tenants. He has never registered the unit with the Maryland Department of the Environment and has not obtained a risk reduction certificate. A tenant's child is diagnosed with elevated blood lead levels. Under Maryland's Lead Poisoning Prevention Program, which of the following best describes a consequence Marcus may face?

MEDIUM

A developer proposes to build a new residential subdivision on land located 800 feet from a tidal creek that flows into the Chesapeake Bay in Calvert County, Maryland. The developer's agent is assisting with pre-sale marketing of the lots. Which of the following most accurately describes the agent's disclosure obligations and the regulatory environment affecting the project?

HARD

A seller of a 1955 single-family home in Maryland chooses to provide a disclaimer statement instead of a full disclosure under the Maryland Residential Property Disclosure and Disclaimer Act. The property is later discovered to have significant mold contamination in the basement that the seller was aware of before settlement. Which statement best describes the legal effect of the disclaimer in this situation?

MEDIUM

Sarah is purchasing a waterfront home in Anne Arundel County. Her agent informs her that the property sits within 1,000 feet of a tidal tributary of the Chesapeake Bay. Which Maryland-specific disclosure obligation and regulatory consequence is most directly applicable to this situation?

MEDIUM

Environmental_disclosures_chapter_21e(7)

Under Massachusetts General Laws Chapter 21E, which of the following parties is NOT among those who may be held liable for the cost of cleaning up an oil or hazardous material release on a property?

MEDIUM

Kevin purchases a commercial property in Springfield, Massachusetts without conducting an environmental site assessment. After closing, he discovers that the previous owner had released petroleum from underground storage tanks, and MassDEP has classified the site as a Chapter 21E release location. Kevin had no actual knowledge of the contamination at the time of purchase. Under Chapter 21E's liability framework, which of the following statements most accurately describes Kevin's legal exposure?

HARD

Under Massachusetts General Laws Chapter 21E, which state agency is primarily responsible for overseeing the cleanup of oil and hazardous material releases on private property?

EASY

Patricia is a licensed broker in Massachusetts who recently sold a residential property. The buyer, Thomas, later discovers that the property has a Chapter 21E petroleum release that was documented in MassDEP's public database before the sale closed. Patricia claims she was unaware of the contamination and never searched the MassDEP database. Thomas files a complaint under MGL Chapter 93A. Which of the following best describes the likely outcome of Thomas's Chapter 93A claim against Patricia?

HARD

Sandra is a licensed real estate broker in Massachusetts representing the seller of a residential property. She learns that a neighboring property β€” not the listing itself β€” has an active Chapter 21E release site where petroleum contamination has been detected in the groundwater. Sandra's listing property uses a private well for drinking water. What is Sandra's most appropriate action regarding this information?

MEDIUM

Maria is a licensed real estate salesperson in Massachusetts. She is listing a commercial property where she has actual knowledge that the owner previously reported an underground oil storage tank leak to MassDEP under Chapter 21E. The seller instructs Maria to say nothing about the contamination to potential buyers. What is Maria's correct course of action?

EASY

David is purchasing a single-family home in Worcester, Massachusetts. During due diligence, his attorney discovers that the property is listed in MassDEP's searchable database as an Activity and Use Limitation (AUL) site under Chapter 21E, meaning cleanup was completed but certain restrictions on property use remain in place. The seller's agent never mentioned this. Which of the following best describes the legal significance of the AUL for this transaction?

MEDIUM

Environmental_hazards(7)

A buyer in Memphis enters into a contract to purchase a residential duplex. The seller provides the Tennessee Property Condition Disclosure form before the contract is signed, and the form discloses that a neighboring property has a known history of soil contamination from an industrial spill. Three days after signing the contract, the buyer has second thoughts about the contamination and wants to rescind. Which statement accurately describes the buyer's legal position under Tennessee law?

MEDIUM

Margaret is selling her Knoxville home, which was built in 1974. During the listing appointment, her affiliate broker, David, learns that the home has never been tested for lead-based paint. The buyer, a young couple with two toddlers, is under contract to purchase the property. Which statement correctly describes the disclosure obligations that apply to this transaction under both federal and Tennessee law?

MEDIUM

Under the Tennessee Residential Property Condition Disclosure Act, all of the following property transfers are exempt from the mandatory disclosure requirement EXCEPT:

MEDIUM

Robert is an affiliate broker in Tennessee representing a seller whose home is located near a former dry-cleaning facility. Robert is aware from public records that the site has documented soil and groundwater contamination, but the seller claims to have no personal knowledge of any impact on the subject property, and no testing has been done on the subject property itself. The seller refuses to mention the neighboring contamination on the Property Condition Disclosure form. What is Robert's most appropriate course of action under Tennessee law?

HARD

A seller in Nashville is selling a single-family home and provides the buyer with the Tennessee Property Condition Disclosure form two days after the purchase contract is signed. The form reveals the presence of a previously remediated underground storage tank on the property. What right does the buyer have under Tennessee law?

EASY

Under the Tennessee Residential Property Condition Disclosure Act, which of the following best describes a seller's obligation regarding known environmental hazards on the property?

EASY

Sandra purchases a home in Chattanooga. The seller completed and delivered the Tennessee Property Condition Disclosure form before the contract was signed, and the form indicated no known environmental hazards. After closing, Sandra discovers that the property has radon levels significantly exceeding EPA action levels, and that the seller's neighbor had warned the seller about elevated radon in the neighborhood two years before the sale. The seller claims radon was simply not on his mind when completing the form. Which statement best describes the legal exposure and remedies available under Tennessee law?

HARD

Insurance_disclosure(1)

Lead_based_paint_and_illinois_radon_disclosures(31)

A seller is listing a residential property built in 1975. Which federal disclosure requirement is triggered by the age of this property?

HARD

Under the federal Residential Lead-Based Paint Hazard Reduction Act and its implementing regulations, which statement most accurately describes the inspection opportunity provided to buyers of pre-1978 housing?

HARD

Under the Illinois Radon Awareness Act, what obligation does a seller have regarding radon test results that show elevated radon levels?

MEDIUM

A residential property was built in 1975. Which statement correctly describes how the federal lead-based paint disclosure framework applies to its sale?

HARD

Under the federal lead-based paint disclosure rule, how many days does a buyer of a pre-1978 residential property generally have to conduct a lead-based paint risk assessment or inspection, and can that period be changed?

HARD

A seller has in their possession a radon test report showing elevated radon levels in the home. Under the Illinois Radon Awareness Act (420 ILCS 46), what is the seller's obligation regarding that report?

MEDIUM

Which documents must an Illinois seller provide to satisfy the state's radon disclosure requirements for a residential real estate transaction?

EASY

In February 2026, Reese Monroe asks what Illinois radon materials a residential seller generally must provide when the Radon Awareness Act applies. What is the most accurate answer under current Illinois rules?

MEDIUM

In July 2026, Micah Monroe asks what Illinois radon materials a residential seller generally must provide when the Radon Awareness Act applies. What is the most accurate answer under current Illinois rules?

MEDIUM

In March 2026, Riley Owens has possession of radon test results showing elevated radon levels and asks whether those results must be provided to the buyer. What is the most accurate answer under current Illinois rules?

MEDIUM

Which of the following statements about Illinois radon disclosure requirements is INCORRECT?

MEDIUM

Under the Illinois Radon Awareness Act, which materials must a residential seller generally provide to a buyer?

EASY

Under the federal lead-based paint disclosure rule, what opportunity must a buyer generally be given before becoming obligated under a purchase contract for pre-1978 housing?

MEDIUM

Under the Illinois Radon Awareness Act and the federal lead-based paint disclosure framework, which of the following statements is NOT correct?

MEDIUM

At a training session in Oak Park, Micah Keller asks what Illinois radon materials a residential seller generally must provide when the Radon Awareness Act applies. Which answer is correct?

MEDIUM

Under the federal lead-based paint rule, how many days does a buyer of pre-1978 target housing generally have to conduct a lead-based paint risk assessment or inspection, and can that period be changed?

EASY

A seller of an Illinois residential property has radon test results in their possession showing elevated radon levels. Under the Illinois Radon Awareness Act, what must the seller do with those results?

MEDIUM

Under the federal Lead-Based Paint Hazard Reduction Act and its implementing regulations, what inspection opportunity must generally be provided to a buyer of pre-1978 residential housing?

EASY

Under federal law, which residential properties trigger the lead-based paint disclosure requirements?

EASY

At a training session in Evanston, Jordan Lopez is selling a residential property built in 1975 and asks whether federal lead-based paint disclosure rules are implicated. Which answer is correct?

EASY

+ 11 more questions

Mandated Disclosures: What You Need to Know

Mandated Disclosures covers the legally required information that sellers and agents must provide to buyers during a real estate transaction. While this topic carries a lower exam weight at 6%, the questions tend to be straightforward, making it an excellent area to score easy points.

The most important federal disclosure requirement is the Lead-Based Paint Disclosure for homes built before 1978. Sellers must disclose known lead paint hazards, provide the EPA pamphlet "Protect Your Family from Lead in Your Home," and give buyers 10 days to conduct a lead inspection. This applies to all residential sales and leases of pre-1978 housing, with limited exemptions.

Beyond lead paint, agents must disclose all known material facts β€” any information that could affect the buyer's decision to purchase or the price they would offer. Even in "as-is" sales, disclosure obligations remain. Many states have specific disclosure forms covering property conditions, natural hazards, environmental hazards, and neighborhood conditions. Know your state's requirements, including timing deadlines for providing disclosures.

Frequently Asked Questions

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