What You Need to Do for Homes With Lead-Based Paint or Lead-Based Paint Hazards

As a real estate agent, you play an important role in protecting the health of families purchasing and moving into the home you’re helping to sell. Homes built in 1978 or earlier are much more likely to have lead-based paint. Federal law requires you to make sure the seller provides certain important information about lead paint. And, this must be done before a prospective buyer is obligated under a contract to purchase the home.

What You Need to Do

  • Inform the seller of his or her obligations under the Real Estate Notification and Disclosure Rule. You (the agent) are responsible if the seller fails to comply unless the failure involves specific lead-based paint or lead-based paint hazard information that the seller did not disclose to you. A seller’s obligations are as follows:

–  Give the buyer any known information, records or reports concerning lead-based paint hazards in the home. This includes the location of the hazard and condition of painted surfaces.

–  Give the buyer an EPA-approved information pamphlet on identifying and controlling lead-based paint hazards, Protect Your Family From Lead In Your Home (PDF).

–  Allow the buyer a 10-day period to conduct a paint inspection or risk assessment for lead paint hazards. Parties may mutually agree, in writing, to lengthen or shorten the time for inspection. Homebuyers may waive this inspection opportunity.

  • Include an attachment (called the Disclosure of Information on Lead Paint and/or Lead Paint Hazards) to the contract which includes a Lead Warning Statement and confirms that the seller has complied with all notification requirements. The seller, homebuyer, and both agents must sign and date the attachment. It’s easy to attach PDF documents in Matrix. View this Matrix Help tab how-to document for step-by-step instructions.
Information courtesy of https://www.epa.gov/lead/real-estate-disclosure#agents and https://portal.hud.gov/hudportal/HUD?src=/program_offices/healthy_homes/enforcement/disclosure

 

Matrix Reminder

If the listing you’ve entered in Matrix was built in 1978 or earlier, a helpful reminder will pop up at the end of listing input regarding your lead-based paint disclosure. (And just a heads-up, you’ll still see the reminder even if you’ve already uploaded your disclosure.)

NOTE: You can only upload documents that are saved to the computer you are currently using. You cannot link documents from CTME or another platform, and you cannot use the ‘Browse’ button in Matrix to search other systems besides the computer you are using. If you need assistance with supplement upload, use the how-to guide linked in the above section, or feel free to contact REcolorado Customer Care at 303.850.9576 or support@REcolorado.com.

lead-based paint Matrix reminder REcolorado

Locate Supplements on Listings

If a listing in Matrix has a supplement attached to it, click the supplements icon to view the documents.

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