easy · National Real Estate Exam
A seller includes an 'as-is' clause in a contract for a home built in 1950.
Does this clause exempt the seller from the federal requirement to provide a lead-based paint disclosure?
- Yes, but only if the property is being sold to a licensed contractor.
- No, but the 'as-is' clause limits the buyer's right to test for lead to a 24-hour window.
- No, federal law requires lead-based paint disclosures for pre-1978 housing regardless of contract terms.
- Yes, because the buyer has agreed to take the property with all existing hazards.
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