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Which option is of the most concern to licensees and advertising when it comes to the FTC? Advertisements should not mislead or contain errors of fact, including keeping listings up to date.
Unbeknownst to many, lead paint was being produced as early as the 4th century BC. Specifically, the paint color lead white was popularized by artists and laborers due to its thickness, density, and opacity. People began adding lead to paint to accelerate drying times and create a long-lasting finish.
Landlords must give prospective tenants of target housing, including most buildings built before 1978: An EPA-approved information pamphlet on identifying and controlling lead-based paint hazards, Protect Your Family From Lead In Your Home (PDF).
Lead-based paint was widely used in the United States because of its durability. The United States banned the manufacture of lead-based house paint in 1978 due to health concerns.
Landlords must give prospective tenants of target housing, including most buildings built before 1978: An EPA-approved information pamphlet on identifying and controlling lead-based paint hazards, Protect Your Family From Lead In Your Home (PDF).
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The FHA/HUD official site reminds residents and landlords that the Lead Disclosure Rule requires home sellers and landlords of housing, built before 1978 to disclose to purchasers and potential tenants knowledge of lead-based paint or lead-based paint hazards using a disclosure form, signed by both parties, attached
Disclose any known information concerning lead-based paint or lead-based paint hazards. The seller or landlord must also disclose information such as the location of the lead-based paint and/or lead-based paint hazards, and the condition of the painted surfaces.
The servicer must follow the procedures in Notifying Fannie Mae of Lead-Based Paint Citations in F-1-12, Preparing to Implement a Workout Option to report the action to Fannie Mae.
Chief among them is alligatoring, which happens when the paint starts to crack and wrinkle, creating a pattern that resembles reptilian scales. This is a sign that your paint may contain lead. Another sign that you might be dealing with lead paint is if it produces a chalky residue when it rubs off.
What must a seller in a PID disclose to a potential buyer? If county or city has made some type of improvement that benefits property owners in the area, there will be an additional tax that owners will have to pay. This will transfer to new Buyers so DISCLOSE!

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