Illinois law requires radon disclosure. What do you need to know?
When a buyer and seller sign a contract on residential real estate property in Illinois, the Illinois Radon Awareness Act will apply to the sales transaction. According to the law, the seller must supply the buyer with two documents before the buyer will become bound on a contract to purchase the property. The first is a pamphlet from the Illinois Emergency Management Agency (IEMA) entitled ?Radon Testing Guidelines for Real Estate Transactions.? The second is a form to sign called ?Disclosure of Information on Radon Hazards.?
WHAT IS RADON?
REALTORS? are working to educate consumers about the radon law which affects certain residential real estate sales transactions entered on or after January 1, 2008. The law aims to boost radon awareness and does not require a radon test.
Although the law does not require sellers to test for radon in the home or to reduce the concentration if elevated levels are found, the seller and buyer are free to negotiate whether further testing or remediation are necessary. In most cases, a seller will simply provide the two documents to the buyer before the contract takes effect.
ARE THERE ANY EXEMPTIONS?
WHERE DO I GO FOR HELP?
Visit these Web sites for more information:
? Illinois Radon Awareness Act www.ilga.gov/legislation/