Which of the following is NOT an exception to the HUD and EPA disclosure rules?

Prepare for the Virginia Real Estate License Test. Use flashcards and multiple-choice questions with hints and comprehensive explanations to ace your exam. Start your study today!

The choice that is not an exception to the HUD and EPA disclosure rules is the sale or lease of a 1-bedroom property. The regulations established by HUD and the EPA regarding lead-based paint disclosures apply broadly to residential properties built prior to 1978, regardless of the size or number of bedrooms. This means that even a smaller property, such as a 1-bedroom, does not exempt the seller or lessor from their obligation to provide necessary disclosures regarding potential lead hazards.

In contrast, target housing foreclosure sales, lease renewals where the tenant has already received the pertinent information, and the sale or lease of housing for the elderly or disabled (with the exception of cases where a child under 6 resides) are recognized as specific exceptions to the disclosure requirements. These exceptions have been put in place to streamline processes and avoid redundancy in situations where the required information has already been disclosed or where the risk factors are deemed low.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy