National Real Estate Exam (PSI)Land Use Controls and RegulationsMedium
A seller is listing a home built in 1965 for sale. Under federal law, what must the seller provide to the buyer regarding potential hazards in the home?
- AA termite inspection report
- BAn EPA-approved lead-based paint disclosure and pamphlet
- CA wetlands delineation report
- DA radon testing certificate
Show answer & explanationAnswer & explanation
Correct answer: B. An EPA-approved lead-based paint disclosure and pamphlet
Federal law requires sellers of housing built before 1978 to disclose known lead-based paint hazards, provide an EPA-approved pamphlet, and give buyers a 10-day opportunity to inspect for lead paint before becoming obligated under the contract.
Why the other options are wrong
- A. Termite inspections are typically required by lenders or state law, not this federal statute.
- C. Wetlands delineation relates to environmental land-use regulation, not residential sale disclosures.
- D. Radon disclosure requirements vary by state and are not the federal 1978 rule referenced here.
Lead-Based Paint Disclosure
Federal law (Residential Lead-Based Paint Hazard Reduction Act) requiring sellers of pre-1978 housing to disclose known lead hazards and provide an EPA pamphlet, with a 10-day inspection opportunity for buyers.
- Applies to housing built before 1978
- Seller must disclose known lead hazards
- Buyer gets a 10-day period to test/inspect before contract becomes binding
Memory trick: '78 or before, lead paint disclosure galore.