Free Pennsylvania Real Estate Practice Exam Practice Question
Who is responsible for informing a seller of residential housing of the seller's federal lead-based paint disclosure obligations?
Correct Answer: A
Rationale: A listing agent is responsible for informing a seller of their federal lead-based paint disclosure obligations, as they represent the seller and ensure compliance with legal requirements.
The lender (B) primarily focuses on financing and does not engage in the seller's disclosure responsibilities. A buyer's agent (C) advocates for the buyer's interests and is not tasked with informing the seller about their obligations. Lastly, a home inspector (D) assesses the property's condition but does not provide legal guidance to sellers regarding disclosure requirements. Thus, the listing agent plays a crucial role in this process.
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