Title: 8 Types of Disclosures Common in Real Property Transactions
Headings: 8 Different Types of Real Estate Disclosures that Come Up in a Home Sale
8 Different Types of Real Estate Disclosures that Come Up in a Home Sale
What’s the purpose behind real estate disclosure laws?
Are sellers required to fix up any known defects, or what’s the procedure?
1) Lead
2) Asbestos
3) Environmental hazards
4) Natural hazards
5) Boundary line disputes
6) Structural and mechanical issues
7) “Haunted” or otherwise stigmatized property
8) Miscellaneous disclosures

Content: Source: ( Gem & Lauris RK/ Unsplash)
1) Lead
Federal law—the Residential Lead-Based Paint Hazard Reduction Act passed in 1992—requires the disclosure of any lead-based paint or chipped paint in any housing built before 1978. Under the law, homebuyers also have a 10-day period to conduct a paint inspection or risk assessment for lead-based paint or related hazards. 2) Asbestos
The health hazards of asbestos are well-known in the workplace; the U.S. Occupational Safety and Health Administration sets standards for asbestos testing and disclosure in work environments. Although residential disclosures vary by state, many require disclosures about asbestos on houses built before 1975. 3) Environmental hazards
The Illinois Radon Awareness Act and the Illinois Real Property Disclosure Act, for instance, requires that potential buyers are made aware of a property’s levels of radon, a colorless, odorless gas that is a leading cause of lung cancer. Many relocation companies and lending institutions also will request radon tests before a home purchase. Source (resized): ( Massachusetts Dept.