EPA seeks to fine real estate firm $1.2 million for violation of lead disclosure law. That’s 34 violations spread over five or six states and thousands of transactions: $29,400+ for each violation. Understand that these forms essentially do nothing because they permit the seller to simply check “no knowledge of lead either way” and leave the tenant or buyer to find out for himself. The rule may be worthless but the fines for not having the proper paperwork are horrendous, so look for your agent to be even more of a nitpicker. And then the world will be safe for democracy.
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ClustrMaps
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November 25, 2008 at 7:14 am
[...] real estate agents make you sign 1,000 silly forms [Christopher Fountain] Michigan requires acknowledgment that nearby farms “may generate noise, dust, odors” [...]
November 25, 2008 at 8:15 am
[...] unknown wrote an interesting post today onWhy realtors make you sign 1000 silly forms « For What Itâ??s WorthHere’s a quick excerptEPA seeks to fine real estate firm $1.2 million for violation of lead disclosure law. That’s 34 violations spread over five or six states and thousands of transactions: $29400+ for each violation. Understand that these forms essentially … [...]
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