Lead-Based Paint Addendum

The language and compliance requirements contained in the Lead-Based Paint Disclosure Addendum are mandated by the EPA and are not tailored specifically to Oregon real estate practice.

The EPA recently revised both the required disclosure language and related compliance obligations. Under the updated provisions, reflected in Lines 17–19 of OREF 021 – Lead-Based Paint Addendum, a buyer’s agent receiving compensation from the seller must now: (1) inform the seller of the seller’s obligations under the federal lead-based paint law, and (2) acknowledge the buyer’s agent’s own obligations under the applicable regulations. These obligations are similar to those already imposed on the seller’s agent.

For guidance regarding implementation in your practice, please consult your Managing Principal Broker.

All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for general purposes. Each Forms subscriber must rely solely upon their Principal broker or personal legal counsel for specific advice and instruction. You and your client should independently confirm that the Form(s) you use are legally suitable for the purposes intended and that they are current with respect to all laws and regulations.