Leasing License Practice Exam

What must properties constructed prior to 1978 provide to prospective buyers and renters?

1. A disclosure about the possibility of lead-based paint

2. A brochure on mold safety

3. A report on structural integrity

4. A certificate of occupancy

The correct answer is: A disclosure about the possibility of lead-based paint

Properties constructed prior to 1978 are required to provide a disclosure regarding the possibility of lead-based paint because this year marks the point when the U.S. government banned the use of lead-based paint in residential properties. The presence of lead-based paint poses significant health risks, particularly to young children and pregnant women, as lead exposure can lead to serious health issues, including developmental problems. To help protect prospective buyers and renters, landlords and sellers of such properties must inform them of the potential for lead paint hazards. This regulation is a part of the Residential Lead-Based Paint Hazard Reduction Act, which aims to increase awareness and ensure safety in homes built before the ban. The requirement includes providing a pamphlet developed by the Environmental Protection Agency (EPA) that outlines the dangers of lead exposure and how to minimize risks. While mold safety, structural integrity reports, and certificates of occupancy are important aspects of property management and safety, they are not mandated specifically for properties constructed before 1978 in the same way that lead-based paint disclosures are.