hard · National Real Estate Exam disclosures
At a brokerage training meeting, Reese Chen evaluates this fact pattern: The transaction involves most residential housing built before 1978, and the seller knows of lead-based paint information.
What is the best next step?
- Wait until after closing because lead is an inspection issue.
- Remove the federal warning language if the property looks freshly painted.
- Give the federal lead disclosures before the buyer is contractually bound.
- Disclose only if a child currently lives in the home.
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