Lead base paint disclosures - use them or pay huge penalties!
Coldwell Banker agents are now required to use new lead base paint disclosures, WHY?
HUGE FINES! Apparently there have been audits and huge fines charged to agents who did not use the lead base paint disclosures when they wrote offers or posted listings.
The fines are in the range of $25,000.00 per line. Signatures, dates, etc. are part of this investigation.
The important issue here is to utilize the addendum's that are necessary.
Any home or condo built prior to 1978 is required to have a Lead Base Paint disclosure, a Lead Based Paint pamphlet, and a document signed by the seller and the seller's agent included on the offer. SELLER must sign first.
This is a FEDERAL LAW, PUNISHMENT BY FINES.
Please make sure if you are listing with an agent and your home or condo was built prior to 1978 that this document has been reviewed by you the seller and signed, and that your listing agent has signed it as well.
Are all of you in the rest of the 50 states aware of this as well?
Karen Monsour, 954-464-4194 cell
Coldwell Banker Residential Real Estate, Fort Lauderdale Beach, FL