medium · National Real Estate Exam disclosures
A buyer is purchasing a residential property built in 1974. The seller provides the required lead-based paint disclosure but refuses to pay for an inspection or remove any discovered lead paint.
According to federal law, which of the following is true?
- The contract is voidable by the buyer because the seller is legally required to remediate lead hazards in housing built before 1978.
- The seller is in violation of the Residential Lead-Based Paint Hazard Reduction Act for failing to provide a lead-free certification.
- The seller has fulfilled their legal obligations as the law does not require testing or remediation.
- The agent must personally pay for the lead inspection to ensure the transaction complies with federal consumer protection standards.
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