A public housing agency is leasing units in a federally assisted apartment building built in 1975. What action must the agency take before signing leases?
Disclose known lead hazards and provide documentation to tenants.
Paint over all interior walls without testing for lead-based paint.
Provide lead disclosures if tenants have young children.
Require tenants to sign an agreement waiving lead-related legal claims.
A real estate professional is helping a client sell a home built in 1952. What must the agent ensure is provided to potential buyers?
A certificate indicating the home’s insulation is asbestos-free.
A copy of the home’s previous inspection reports.
A lead-based paint disclosure form and the EPA lead hazard pamphlet.
An inspection report highlighting recent renovations and upgrades made to the home.
What must be included in all sales contracts for homes built before 1978?
A certificate of insurance
A history of past ownership
A lead warning statement
A waiver of liability
A seller of a 1955 home is unaware of any lead hazards. What should the real estate professional advise?
The seller can skip disclosure if no hazards are known.
The seller should complete the Lead-Based Paint Disclosure form.
The seller should refuse to answer lead-related questions.
The seller should remove all painted surfaces.
What is the primary purpose of the Toxic Substances Control Act?
To control property taxes on older homes
To promote energy efficiency in buildings
To provide home improvement grants
To regulate hazardous chemicals
When must the EPA pamphlet be provided to buyers or renters?
After a tenant moves in
After closing the transaction
After the home inspection is completed
Before signing a purchase agreement or lease
Which action ensures proper lead hazard disclosure documentation?
Allowing buyers and renters to waive their rights to disclosure
Attaching the signed Lead-Based Paint Disclosure form to contracts
Offering lead information only upon request
Providing verbal disclosures without written records
A landlord fails to disclose lead hazards in a rental property. Two years later, a tenant’s child is diagnosed with lead poisoning. What legal action can the tenant take?
Demand the landlord title the property to the tenant.
File a lawsuit for damages, including medical expenses and relocation costs.
Request a rent refund for the duration of the lease.
Withhold rent until the property is tested and treated for lead.
Which requirement does TSCA impose on sellers and landlords regarding lead-based paint?
They must disclose known lead hazards in pre-1978 properties.
They must provide free lead removal services.
They must remove all lead-based paint before selling a home.
They must test for lead hazards before leasing a property.
Why was Valley Property Partners LLC penalized under TSCA?
The company charged buyers extra fees for lead testing.
The company failed to conduct a criminal background check on potential buyers.
The company failed to disclose lead hazards before selling a pre-1978 home.
The company provided false home value estimates.
A real estate professional is reviewing a sales contract for a home built in 1972. The seller refuses to provide a lead disclosure form, claiming the home has no lead-based paint. What should the agent do?
Assume the home is safe, and do not mention lead hazards.
Have the buyer sign a waiver accepting all risks.
Inform the seller that the law requires disclosure.
Proceed with the sale since the seller believes there is no lead.
A real estate firm is found to have repeatedly violated lead disclosure laws. What additional penalties might they face beyond fines?
A mandatory reduction in commission fees.
A temporary ban on advertising their properties.
Increased regulatory oversight and legal liability.
Mandatory community service hours for firm executives.
How can real estate professionals help prevent lead disclosure violations?
Advise buyers to waive their right to a lead inspection.
Avoid discussing lead hazards unless the buyer asks.
Encourage sellers to paint over lead-based paint instead of disclosing it.
Provide all required disclosure forms and educate clients on lead hazards.
What consequences can failing to disclose lead hazards have on a real estate professional’s career?
Additional training but no financial penalties
Higher client trust and reputation
Increased commission opportunities
Lawsuits and potential license suspension
Which property type is NOT required to comply with federal lead disclosure laws?
A condominium rented on a one-year lease.
A single-family home built in 1975.
A single-room rental in a larger home.
A two-bedroom apartment in a pre-1978 building.
What must a seller disclose when selling a home built before 1978?
Known lead-based paint hazards
The home’s maintenance history
The number of previous owners
Whether the home has ever been remodeled
How long must real estate professionals keep lead disclosure acknowledgment forms?
At least three years
Five years
One year
Two years
What legal action can buyers take if they discover undisclosed lead hazards after purchasing a home?
Automatically rescind the purchase contract.
Demand the seller pay for the buyer’s relocation expenses due to lead exposure.
File a lawsuit against the seller for non-disclosure.
Request the seller provide a lifetime property warranty against lead-related issues.
What is the primary role of a real estate professional in lead hazard disclosure?
Assisting buyers in negotiating lower purchase prices due to lead hazards
Conducting lead paint testing before listing properties
Ensuring sellers and landlords comply with disclosure requirements
Providing a list of contractors for lead paint removal services
What document must buyers receive when purchasing a pre-1978 home?
A certificate of home warranty
An energy efficiency report with ratings
An EPA lead hazard pamphlet
A statement of property value