SPOTLIGHT ARTICLE

Radon Disclosure Requirements on Sellers Begin January 1.

Source:  IAR Weekly Connection, August 28, 2007

IAR's Legal Hotline Attorney reports that the newly-enacted Illinois Radon Awareness Act will go into effect on January 1, 2008.  REALTORS should have general knowledge about the existence of the Act and that the provisions will impose some additional duties on sellers.  In short, before a buyer will become bound on a contract to purchase real estate, the seller will be required to provide a pamphlet entitled,"Radon Testing Guidelines for Real Estate Transactions" and the Illinois Disclosure of Information on Radon Hazards.  The language of the latter is set forth by statute.  The pamphlet will be provided by the Illinois Emergency Management Agency Division of Nuclear Safety.