What is the main purpose of disclosure regarding known paint hazards in real estate transactions?

The main purpose of disclosure regarding known paint hazards in real estate transactions is to inform buyers about potential health risks associated with lead-based paint and other harmful substances. This is particularly crucial in homes built before 1978, when the use of lead-based paint was banned in residential properties in the United States. By providing this information, sellers help ensure that buyers can make informed decisions regarding the safety of their living environment, especially if there are young children or pregnant women involved, who are particularly vulnerable to lead exposure. This disclosure requirement is part of federal regulations aimed at protecting public health and ensuring that buyers are aware of any potential hazards that could impact their health or the health of their family members.