After disclosure in pre-1978 housing, how many days must the purchaser be allowed to conduct a risk assessment or inspection?

After disclosure in pre-1978 housing, how many days must the purchaser be allowed to conduct a risk assessment or inspection?

• A. 7 days
• B. 10 days
• C. 14 days
• D. 21 days

Answer: (B)

When lead-based paint is present in housing built before 1978, the seller must disclose that fact and provide information about lead hazards. After that disclosure, the purchaser is entitled to a defined period to have a risk assessment or inspection for lead hazards. This time is set so the buyer has a reasonable opportunity to understand any lead-related risks before moving forward with the purchase. The standard window given for this purpose is ten days. The clock starts once the disclosure is provided, and the period can be extended only if both parties agree in writing. If hazards are found, the buyer and seller can negotiate remedies, or the buyer may terminate within the agreed period according to the contract terms.

When lead-based paint is present in housing built before 1978, the seller must disclose that fact and provide information about lead hazards. After that disclosure, the purchaser is entitled to a defined period to have a risk assessment or inspection for lead hazards. This time is set so the buyer has a reasonable opportunity to understand any lead-related risks before moving forward with the purchase. The standard window given for this purpose is ten days. The clock starts once the disclosure is provided, and the period can be extended only if both parties agree in writing. If hazards are found, the buyer and seller can negotiate remedies, or the buyer may terminate within the agreed period according to the contract terms.