Before ratifying a housing sale or lease, which of the following is NOT required of sellers?

The requirement for sellers regarding lead paint hazards is grounded in federal law, specifically the Lead-Based Paint Disclosure Rule. Sellers are indeed obligated to disclose known lead paint hazards and provide potential buyers or renters with the opportunity to conduct a lead paint inspection. They must allow a 30-day period in which buyers or renters can arrange for such inspections to ensure they are fully informed of any risks.

However, completing all repairs related to paint hazards is not a federal requirement prior to finalizing a sale or lease. Sellers are responsible for disclosing any known issues but do not have to remediate or repair those hazards before ratification of the sale or lease. This distinction is important as it emphasizes the focus on disclosure rather than requiring immediate corrective actions, providing buyers the necessary information to make informed decisions without imposing undue obligations on sellers before the contract is finalized.