Lead-Based Paint Guide - Plowman Properties

Table of Contents
Introduction ..................................................................................................1
A Closer Look at Lead ................................................................................2
Roles and Responsibilities of Sellers, Lessors,
and Real Estate Agents................................................................................3
The Five Basic Requirements ....................................................................3
Disclosure and the Sales/Lease Transaction ..........................................4
Step 1 - Listing
Step 2 - Marketing and Showing the Property
Step 3 - Offer/Contract Negotiations
Step 4 - Completing Disclosure and Acknowledgment Form
Step 5 - Lead-Based Paint Inspection and Closing
Agent Liability and Penalties for Non-Compliance ............................11
Practical Advice..........................................................................................13
Glossary ..............................................................................................15
Answers to Frequently Asked Questions ..............................................17
Tools and Resources
State Information Resources ....................................................................17
Federal Information Resources ................................................................19
Compliance Checklist for Sales Transactions ........................................21
Compliance Checklist for Lease Transactions ......................................22