The required disclosure list continues to grow in Illinois. We have the lead based paint disclosure and pamphlet, the seller's property disclosure, and now we will be required to include the Radon Awareness disclosure form. The seller of any homes listed after January 1, 2008 will now be required by Illinois law to provide a pamphlet "Radon Testing Guidelines for Real Estate Transactions" and a form informing the buyers of any tests or knowledge of tests performed on the property in question.
There will be exemptions from the form just like the property disclosure form we use today. Foreclosures, transfer among co-owners and relo companies will not have to fill out or will mark the form N/A.
The form is intended to provide the buyer with the same information the current owner has in the history and condition of the home.
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