Question

A seller and seller's broker are each required to keep a copy of the lead-based paint (LBP) disclosure statement for at least ____ from the close of escrow?

1) 30 days
2) 60 days
3) 90 days
4) 120 days

Answer 1

In the United States, sellers and seller's brokers are required to keep a copy of the lead-based paint (LBP) disclosure statement for at least 90 days from the close of escrow. So, the correct answer is option 3.

Step-by-step explanation:

In the United States, sellers and seller's brokers are required to keep a copy of the lead-based paint (LBP) disclosure statement for at least 3) 90 days from the close of escrow. This requirement is in place to ensure that all parties involved have access to the necessary information regarding the presence of lead-based paint in the property. It allows for sufficient time to address any concerns or issues related to lead-based paint.

So, the correct answer is option 3.