What must buyers be provided regarding lead-based paint?

Get ready for the New York State Real Estate Salesperson Licensing Exam. Use flashcards and multiple choice questions, with hints and explanations for each question. Prepare for your licensing success!

The correct answer is that buyers must be provided with a Lead-Based Paint Disclosure for homes built before 1978. This requirement stems from the federal Residential Lead-Based Paint Hazard Reduction Act, which mandates that sellers and lessors of residential properties built prior to 1978 disclose information about lead-based paint and lead-based paint hazards to prospective buyers and tenants. This disclosure informs buyers that lead may be present in the property, along with any known information about the history of lead-based paint usage in the home.

Providing this disclosure is crucial, as lead exposure can have serious health consequences, especially for young children and pregnant women. By ensuring that buyers are informed about the potential risks of lead-based paint, the law aims to promote safety and awareness, empowering buyers to make informed decisions regarding their home purchases.

While the other options may involve useful information, they do not fulfill the specific legal requirement established for properties where lead-based paint may exist. For instance, providing documentation of lead testing results or a notice about inspections can be helpful, but the primary obligation lies with the disclosure of potential lead hazards in older homes, which is specifically addressed by the law.

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