How well do you know your obligations to disclose certain information about lead-based paint and lead-based paint hazards in residential real estate? Take this quiz to find out.
Sellers and lessors must comply with the federal lead-based paint disclosure regulations for "target housing," which is residential property constructed prior to:
In a residential sale transaction subject to the federal lead-based paint disclosure regulations, the disclosure requirements must be satisfied by:
Almost all of the provisions of the federal lead-based paint disclosure regulations call for lead-based paint disclosures to be made to both purchasers and lessors of target housing. However, one provision of the federal regulations requires that the following information be disclosed only to purchasers:
The federal lead-based paint disclosure regulations require that sellers (or their agents) provide lead-based paint disclosures to purchasers and lessees in what time frame?
The federal lead-based paint disclosure regulations require sellers (or their agents) to provide to purchasers a lead-based paint information pamphlet published by:
In additon to providing purchasers or lessees with the lead-based paint information pamphlet, sellers (or their agents) also must provide other lead-based paint disclosures regarding a residence, including:
The lead-based paint "Warning Statement" prescribed in the federal disclosure regulations and required to be included in sales contracts and leases reminds purchasers/lessees that properties built prior to 1978 may have lead-based paint present, reminds them of the health hazards associated with lead-based paint, especially to children and expectant mothers, and reminds sellers/landlords of their duty to provide information about lead-based paint hazards affecting the property. This Warning Statement may be revised:
Any existing state or local lead-based paint requirements and disclosure obligations:
Which of the following residential properties does NOT have to comply with the federal lead-based paint disclosure regulations?
The penalties for failure to comply with the federal lead-based paint disclosure regulations include: