Key Takeaways
- Lead-based paint disclosure is mandatory for pre-1978 homes with penalties up to $19,507 per violation.
- State disclosure requirements vary from comprehensive (California, Texas) to minimal (caveat emptor states).
- When in doubt, disclose—failure to disclose known defects creates greater liability than over-disclosure.
- Pre-listing inspections, home warranties, and thorough documentation reduce post-sale liability exposure.
This track contains subscriber-only lessons
Explore free tracks in this area of study, or subscribe for full access.
Browse available tracks"Tax Compliance, Seller Disclosure & Failed Exchange Recovery" is a Pro track
Upgrade to access all lessons in this track and the entire curriculum.
Test Your Knowledge
1.What is the federal penalty per violation for failing to provide lead-based paint disclosure on a pre-1978 property?
2.Does selling a property "as-is" eliminate the duty to disclose known material defects?
3.Which strategy most effectively reduces post-sale liability exposure?