EnvironmentalIntermediateColorado Exam

In Colorado, a seller of a home built before 1978 who fails to comply with lead-based paint disclosure requirements may face:

AA. No consequences if the buyer has children
BB. Federal civil penalties up to $20,706 per violation and potential criminal penaltiesCorrect
CC. Only a small fine from the county health department, as is typical in most transactions
DD. No penalties since the requirements are voluntary

Why B. Federal civil penalties up to $20,706 per violation and potential criminal penalties Is Correct

Answer B: B. Federal civil penalties up to $20,706 per violation and potential criminal penalties

The Residential Lead-Based Paint Hazard Reduction Act imposes strict requirements. Sellers and agents who fail to disclose known lead-based paint, provide the required EPA pamphlet, or give buyers 10 days to test may face civil penalties (up to $20,706 per violation), criminal penalties, and civil lawsuits from buyers.

Exam Tip: Environmental

Environmental questions test knowledge of hazards like asbestos, lead-based paint, radon, and mold. Know the disclosure requirements and when a professional inspection is required. CERCLA liability is strict, joint, and several.

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