Which act requires sellers to disclose information on radon hazards before a buyer is obligated under any contract?

Study for the 75 Hour Broker Pre Licensing Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The Illinois Radon Awareness Act mandates that sellers must provide disclosure regarding radon hazards to potential buyers before any contract is binding. This act recognizes the health risks associated with radon exposure, emphasizing the importance of informing buyers about the presence and levels of radon in residential properties. By requiring this disclosure, the act aims to ensure that buyers are aware of potential hazards related to radon before they make significant purchasing decisions.

Other acts may address radon in different contexts, but the Illinois Radon Awareness Act is specifically focused on the seller's obligation to inform buyers before a sale agreement is finalized. This emphasizes transparency in real estate transactions and promotes informed decision-making for home buyers. The requirement also highlights the legal responsibilities of sellers, reinforcing the importance of safety and awareness concerning environmental health risks in real estate.

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