Under what circumstance must a real estate licensee provide additional disclosures to potential buyers?

Study for the Illinois Laws and Rules Test with comprehensive flashcards and multiple choice questions. Each question provides hints and explanations. Prepare now and ace your exam!

Providing additional disclosures related to properties built before 1978 is mandated due to federal regulations concerning lead-based paint. The Residential Lead-Based Paint Hazard Reduction Act requires sellers and landlords to disclose any known lead-based paint and lead-based paint hazards in homes built prior to 1978. This includes providing potential buyers with a pamphlet that outlines the dangers of lead exposure, along with the opportunity to conduct a risk assessment or inspection for lead.

This requirement underscores the importance of protecting buyers, especially families with young children, from the health risks associated with lead poisoning. The other options, while they may involve considerations in real estate transactions, do not impose federally mandated disclosure requirements as specified in real estate law. Therefore, the necessity of additional disclosures is clearly linked to the age of the property in question.

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