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Real Estate · Property Disclosures

Under federal law, what must be disclosed about lead-based paint when selling a home?

Correct answer

For housing built before 1978, sellers must disclose known lead-based paint and hazards, provide an EPA pamphlet, and give buyers a 10-day opportunity to test

  1. A Nothing, lead paint is never disclosed
  2. B For housing built before 1978, sellers must disclose known lead-based paint and hazards, provide an EPA pamphlet, and give buyers a 10-day opportunity to test
  3. C Only homes built after 2000 require disclosure
  4. D Disclosure is required only for rentals

Why this is the answer

The federal Residential Lead-Based Paint Hazard Reduction Act requires that for most housing built before 1978, sellers and landlords disclose any known lead-based paint and lead hazards, provide buyers or tenants with the EPA pamphlet on lead, include a lead warning statement in the contract, and give purchasers a 10-day period (which can be changed by mutual agreement) to conduct a lead inspection or risk assessment. The 1978 cutoff reflects the year residential lead paint was banned. Agents must ensure these disclosures are made. This is a frequently tested federal disclosure requirement on the national portion.
Source: Real Estate Principles, Lead Paint Disclosure

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