Georgia 25 Hour Post Licencess Class Lead based paint

the seller must provide the buyer with the EPA pamphlet and disclose the presence of any known lead-based paint hazards.

Under the Residential Lead-Based Paint Hazard Reduction Act (Title X), before a buyer becomes obligated under a sales contract,

Title X

Real estate licensees can be disciplined for failing to abide by the requirements in _______.

Licensee

__________ must inform your clients of their duties and rights in connection with the property condition disclosure statement.

The EPA and HUD

________________________ have the authority to impose monetary penalties on any seller or real estate licensee who knowingly violates the lead-based paint disclosure requirements.

Lead-Based Paint Hazard Reduction Act

(1992) Applies to residences built before 1978. The use of lead based paint must be disclosed. Prospective buyers must be given copies of any available reports. Must be given federal pamphlet. 10 day inspection window.

Buyer Angus is suing a seller, Danielle, because she failed to disclose the damaged masonry on the side of the house. The damage was clearly visible. Angus's case has no legal merit because ______.

Buyers may not recover for nondisclosure of a material defect that could be easily detected

Which of the following statements about material facts is true?

A material fact may have more or less effect on a buyer based on the buyer's needs and values.

Title X

A violator of _____________ can also be sued for an amount equal to three times the actual damages suffered by the buyer and additionally can be subject to criminal fines and imprisonment.

a 10-day period i

Buyers must be provided________________ n which to conduct a lead-based paint inspection or risk assessment (unless the parties agree in writing to a shorter or longer period, or to waive such rights).

the Environmental Protection Agency (EPA) pamphlet "Protect Your Family from Lead in Your Home."

Federal law requires that buyers of residential homes built before 1978 receive a copy of

EPA-approved disclosure form containing a specified lead warning statement and required acknowledgments.

Every sales contract for qualified properties must include an __________. It must be signed by all of the parties to the transaction.

When a seller fails to disclose a defect in the property and the buyer learns of it after the fact, this can give rise to a lawsuit if the buyer believes that the seller knew of the defect but __________________________________.

Failed to disclose it

Real Estate License

Failure to inform a client of the client's responsibilities could subject you to the censure, suspension, or revocation of your _________________________..

equitable action for specific performance.

If a buyer learns of a non-disclosure prior to closing on the transaction, the buyer can still enforce the agreement of sale by filing an __________________________________.

She can sue for triple damages.

Jamie, a seller, failed to provide a lead-based paint disclosure when selling her home to Meg. What legal recourse does Meg have?

Title called into question

Litigation often occurs when a property owner has _________________________ by a third party.

EPA

The ___ has the authority to impose stiff fines for violating Title X.

The EPA's Lead Renovation, Repair, and Painting Rule

The _________________________________________ requires that firms performing renovation, repair, and painting projects that disturb lead-based paint in properties built before 1978 be certified by the EPA and use certified renovators who have received EPA-approved training.

Conduct an inspection to discover it

Title X exists to protect home buyers and tenants from lead-based paint hazards. The law requires home sellers, landlords, and real estate licensees to disclose the presence of lead-based paint if the presence is known. They're not required to: -______________________.

you have actual knowledge of the error, inaccuracy or omission

You cannot be held liable for any error, inaccuracy, or omission in a property condition disclosure statement unless _______________________________________________ by the seller

All parties to the transaction

Your clients are purchasing a home that was built before 1978. Among the lead-based paint disclosure requirements, who must sign the EPA-approved disclosure form?