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The NWMLS Form 22J is a disclosure document required for real estate transactions involving properties built before 1978, informing buyers and lessees about potential lead-based paint hazards. It outlines the responsibilities of sellers and landlords to disclose known lead hazards, provides warnings about the risks of lead poisoning, especially to young children and pregnant women, and includes rights for buyers to conduct inspections or rescind agreements based on lead hazard assessments.

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Which NWMLS form does a buyer use to reply to a bump notice?

Lead Warning Statement The seller of any interest in residential real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspections in the sellers possession and notify the buyer of any known lead-based paint hazards.

Whats the purpose of Form 39: The Second Buyers Addendum?

SECOND BUYERS ADDENDUM Form 39: Use in conjunction with acceptance of a bump offer pursuant to the Sale of Buyers Property Contingency - Form 22B. gives Seller the right to continue to market the property.

What is a notice to perform to a buyer?

In California real estate transactions, a Notice to Perform, sometimes referred to as a Notice to Buyer to Perform (NBP) or Notice to Seller to Perform (NSP), is a formal notification sent from one party to another to fulfill their contractual obligations within a specific timeframe.

Should I be worried about lead paint disclosure?

Its just required to disclose potential lead paint. As long as it isnt peeling, it shouldnt be an issue.

Who fills out the lead-based paint disclosure?

First off, the seller must send the buyer a BUMP NOTICE (NWMLS Form 44). This form serves as notice to the buyer that the seller has entered into a Purchase and Sale Agreement with another buyer. The buyer now has 3 options. These options are outlined in the BUMP REPLY (NWMLS Form 46).