What must a real estate salesperson do if they discover the presence of lead-based paint in a property?

What must a real estate salesperson do if they discover the presence of lead-based paint in a property?

• A. Ignore it if the property was built before 1978
• B. Disclose the possibility to the buyer
• C. Allow the buyer to decide if they want to test for it
• D. Require the seller to remediate it before closing

Answer: (B)

A real estate salesperson is mandated to disclose the possibility of lead-based paint in properties built before 1978 due to federal regulations aimed at protecting public health. The Residential Lead-Based Paint Hazard Reduction Act requires that sellers and landlords inform potential buyers of the risks associated with lead-based paint. When a property was constructed prior to 1978, there is a reasonable assumption that it may contain lead paint, and as such, the salesperson has a responsibility to communicate this risk to the buyer. This disclosure must be made before the buyer makes a decision, allowing them to take necessary precautions, such as conducting lead testing or negotiating for any required remediation. By ensuring that buyers are aware of this potential hazard, the salesperson fulfills their obligation to protect both their clients and the public while also complying with legal requirements.

A real estate salesperson is mandated to disclose the possibility of lead-based paint in properties built before 1978 due to federal regulations aimed at protecting public health. The Residential Lead-Based Paint Hazard Reduction Act requires that sellers and landlords inform potential buyers of the risks associated with lead-based paint.

When a property was constructed prior to 1978, there is a reasonable assumption that it may contain lead paint, and as such, the salesperson has a responsibility to communicate this risk to the buyer. This disclosure must be made before the buyer makes a decision, allowing them to take necessary precautions, such as conducting lead testing or negotiating for any required remediation.

By ensuring that buyers are aware of this potential hazard, the salesperson fulfills their obligation to protect both their clients and the public while also complying with legal requirements.