California Real Estate Practice Exam

The lead based paint disclosure law requires?

1. Buyers to inspect for lead

2. Sellers to remove all lead paint

3. Brokers to complete the disclosure form

4. Tenants to sign a waiver

The correct answer is: Brokers to complete the disclosure form

The lead-based paint disclosure law requires brokers to complete the disclosure form to ensure that buyers and tenants are informed about the potential presence of lead-based paint in properties built before 1978. This law aims to protect public health, particularly for young children and pregnant women, who are most at risk from lead exposure. Under the law, sellers and landlords must notify potential buyers and tenants of the risk of lead-based paint and provide them with specific information about lead hazards. The broker plays a critical role in facilitating this process by ensuring that the necessary disclosures are made and documented appropriately. This involves providing the required lead hazard information pamphlet and a disclosure form that details what the seller knows about the property's condition regarding lead-based paint. The other choices do not accurately reflect the requirements of the law. Buyers are encouraged to inspect properties for lead paint, but they are not mandated to do so. Sellers are not required to remove all lead paint, but they must disclose its presence if they know about it. Tenants cannot simply sign a waiver to exempt landlords from disclosing lead hazards; the law obligates landlords and sellers to provide such information regardless of any waivers.