Information for the Real Estate Professional

Radon is clearly an issue that real estate professionals should become familiar with.

Radon can cause lung cancer after prolonged exposure and can build to dangerous levels in homes. Many people wait until they are about to sell their home or buy a new one before they decide to learn more about radon. By learning about radon, real estate professionals can properly answer questions during real estate transactions, and avoid potential liability. Radon problems can be resolved at relatively low cost and inconvenience and should not stand in the way of any real estate transaction being seen through to completion. By being knowledgeable and providing information, real estate agents can minimize the potential for delaying or derailing closings because of radon.

It is possible that Congress or state or local governments could enact legislation requiring all sellers and leasers to give out radon information. Radon advisory disclosures are currently required in sales of HUD-owned property and FHA loans. Many relocation companies require radon testing and/or radon disclosure, and many real estate brokers require radon disclosure statements. Real estate professionals who develop and maintain their knowledge of radon will be in demand, as citizens’ expectations and questions increase in coming years.

The informed and educated real estate professional will use the Seller’s Real Property Disclosure Form to introduce buyers and sellers to radon. (Property conditions, improvements and additional information, 6. Environmental)

When asked for more information, you can use the EPA’s Home Buyer’s and Seller’s Guide to Radon to answer questions and fulfill disclosure requirements, without having to express an opinion. The information contained in this booklet will give the home buyer or seller a broad overview of issues surrounding radon, and allow individuals to make informed decisions regarding radon during a real estate transaction.