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New Radon Disclosure Law

November 11, 2007

House sellers need to inform house buyers of their knowledge and testing of radon in their house beginning January 1, 2008.  All Illinois residential real property sellers will be required to complete a disclosure form which advises the prospective house buyer as to whether or not the house seller has knowledge and/or has ever tested for radon gas.

The structure of this law appears to be very similar to that of the lead-based paint disclosure law where a disclosure form is completed and the buyer is presented with a pamphlet. In this case, the pamphlet is entitled "Radon Testing Guidelines for Real Estate Transactions."

The Radon Disclosure act Act will contain some exemptions such as transactions under a court order, judicial deed, and from one co-owner to another.

 





 

 

Mary Ann Meyer, Licensed Realtor, ABR, ASP, Buyer & Seller Representation
REMAX Unlimited Northwest
445 Park Avenue
Cary, Illinois 60013

Cary Real Estate, Homes, Condos & Townhouses