Disclosure of Information and Acknowledgement Lead Based Paint
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People also ask
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What is true regarding lead-based paint?
Though lead-based paint for use in homes was banned in the U.S. in 1978, it is still present in millions of homes. Lead-based paint is usually not a hazard if it is in good condition. However, deteriorating (peeling, chipping, chalking, cracking, or damaged) lead-based paint is a hazard and needs prompt attention.
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What are the exceptions to lead-based paint disclosure?
Lead-based paint disclosure exemptions In addition to houses built in or after 1978, the following also qualify for an exemption from the disclosure rules: Dwelling units with no bedrooms, such as a studio apartment. Dwelling units that are leased for 100 days or fewer, such as short-term rentals.
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Which of the following is true about the lead disclosure rule?
Final answer: The true statement about the federal lead-based paint law is that it allows the buyer to waive the lead-based paint inspection. It does not mandate the removal or inspection of lead-based paint by the seller, nor does it specify that the listing broker must provide the disclosure.
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On which form does a buyer acknowledge receipt of a lead-based paint hazards disclosure?
Form-of-the-Week: Lead-Based Paint Disclosure and Hazards Disclosure Booklets – Forms 313 and 316-1.
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What is the disclosure of known information on lead-based paint?
The Lead-based Paint Disclosure Rule requires sellers, landlords, real estate agents and property managers to provide specific information about lead-based paint and lead-based paint hazards before prospective renters and homebuyers sign a lease or contract.
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Which of the following statements is true regarding lead-based paint disclosures?
Explanation: The true statement concerning lead-based paint disclosure is that it should be given for properties built before 1978. This is because lead-based paint was banned by the U.S. government for use in housing in that year.
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Which of the following statements involving lead-based paint is true?
The correct answer is: Option 1: Lead-based paint was commonly used in households until the late 20th century. Lead-based paint indeed was frequently used in homes until it was banned in the United States in 1978 due to health concerns.
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Which of the following statements is true concerning lead-based paint disclosure?
Explanation: The true statement concerning lead-based paint disclosure is that it should be given for properties built before 1978.
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