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Who should real estate professionals rely on for sound environmental information quizlet?
The most appropriate people on whom a licensee can rely for sound environmental information are scientific or technical experts. Environmental auditors (or environmental assessors) are scientific or technical experts who can provide the most comprehensive studies.
Which of the following property requires a lead-based paint disclosure?
The federal lead-based paint disclosure regulations apply to residential sale or lease of properties built before 1978.
What must a seller in a PID disclose to a potential buyer quizlet?
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!
Who bears the obligation to disclose lead paint in residential properties before 1978?
Section 1018 of the Residential Lead-Based Paint Hazard Reduction Act of 1992 directs EPA and HUD to jointly issue regulations requiring disclosure of known lead-based paint and/or lead- based paint hazards by persons selling or leasing housing constructed before the phaseout of residential lead-based paint use in 1978
Which of this is required in a lead-based paint disclosure?
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.
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Which of these is required in a lead-based paint disclosure for homes built prior to 1978?
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).
Which option is of the most concern to licensees and advertising when it comes to the Federal Trade Commission?
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.
When selling a home built prior to Jan 1 1978 who is responsible for providing to a potential buyer the EPA pamphlet?
Property Managers and Landlords 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).
Does Fannie Mae require lead-based paint Disclosure?
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.
Is lead-based paint disclosure required on FHA refinance?
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
Related links
Sellers Disclosure of Information on Lead-Based Paint and/or
Jun 29, 2022 Form for real estate professionals to use in sales transactions when sellers of residential real property are required to disclose to the buyer
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