PSI Virginia Real Estate Practice Exam

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Prepare for the Virginia Real Estate Exam with our interactive quiz. Study using multiple choice and flashcards, complete with hints and detailed explanations. Ace your test with confidence!

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What is required by federal law for homes built before 1978?

Full inspection results for the home
An EPA-approved pamphlet on lead hazards
A history of previous owners
Proof of property taxes paid

The correct answer is: An EPA-approved pamphlet on lead hazards

Federal law requires that for homes built before 1978, sellers and landlords must provide an EPA-approved pamphlet on lead hazards. This regulation stems from the recognition of the dangers associated with lead-based paint, which was commonly used in homes prior to this year. The pamphlet, titled "Protect Your Family from Lead in Your Home," aims to educate buyers and renters about the potential risks of lead exposure, especially for children and pregnant women. This requirement is in place to ensure that buyers and tenants are informed about lead hazards, allowing them to take the necessary precautions. Homeowners are also obligated to disclose any known lead-based paint hazards in the property. By providing this information, the law promotes safety and awareness regarding lead poisoning, making it a crucial aspect of real estate transactions involving older homes.