medium · National Real Estate Exam
A seller of a home built in 1960 is aware that lead-based paint exists on the window sills.
What is the seller's obligation regarding the paint itself?
- The seller must provide a credit to the buyer for the cost of future lead abatement.
- The seller must hire a certified professional to remove the paint before closing.
- The seller must disclose the known presence of the lead-based paint to the buyer.
- The seller must have the home tested to determine the lead levels in the dust.
Sign up free to see the explanation and track your rank →
More National Real Estate Exam practice
- A broker's employment contract with a seller is officially called the:
- What is the current status of the contract?
- A buyer defaults on a purchase agreement, and the seller chooses to keep the earnest money
- A buyer makes a written offer to a seller. Two days later, before the seller has responded
- A contract for the sale of a property is signed. Before closing, the property is destroyed
- A contract for the sale of real estate that has been signed by both parties is valid, but
- A contract that is valid and binding but allows one party to avoid the agreement because o
- A contract that is valid and enforceable until it is canceled by a party who was a victim