Another liability for our industry
I was shocked to find out that I have a very small window in which to obtain certification by the EPA for lead based paint. I’m not an inspector? The deadline ladies and gents is April 22, 2010. As I read up on this new regulation and was made painfully aware that the liquidated damages for non-compliance was $37,000.00 a day! This is very serious as agents, brokers, property managers and contractors are now required to get this certification if they deal with or manage homes built prior to 1978. The following is a 17 minute video about the requirements and how they affect you.
Information for Real Estate Specialists and Property Management Firms
Real Estate Specialists and property managers should make themselves aware of the requirements in the Lead Renovation, Repair and Painting (RRP) Rule. EPA is working closely with the National Association of Realtors to make Realtors and property managers aware of the hazards of lead paint poisoning and ways to prevent it, and the association has developed a series of guidance videos aimed at Realtors and property managers.
Under the rule, beginning in April 2010, contractors performing renovation, repair and painting projects that disturb lead-based paint in homes, child care facilities, and schools built before 1978 must be certified and must follow specific work practices to prevent lead contamination. CLICK HERE for a complete outline of the EPA’s new requirements.
To become certified, property owners must submit an application for firm certification (PDF) (9 pp, 642K) and fee payment to EPA. EPA will begin processing applications on October 22, 2009. The Agency has up to 90 days after receiving a complete request for certification to approve or disapprove the application.
The Agent Faircloth Team is focused on delivering five-star customer service as we work with you in buying or selling property. Lead by Chris Faircloth (aka Agent Faircloth) we're passionate about real estate.
