Kentucky Revised Statutes § 324.360

State
Kentucky
Pollutant
Radon
Mold

Requires that a Seller's Disclosure of Conditions form be used in residential real estate transactions if licensed real estate agents are involved and receive compensation. Requires the real estate commission to promulgate an administrative regulation authorizing the form. The regulation (201 Ky. Admin. Regs. 11:121) incorporates by reference a disclosure form that requires disclosure of any radon testing and any installed radon mitigation system and includes the following statement: "Radon is a naturally occurring radioactive gas that, when it has accumulated in a building in sufficient quantities, may present health risks, including lung cancer. The Kentucky Department for Public Health recommends radon testing. For more information, visit chfs.ky.gov and search 'radon'." Also requires disclosure of the existence of mold or other fungi, and of other environmental hazards, such as carbon monoxide, asbestos, or urea formaldehyde. (See Form 402, at https://krec.ky.gov/Documents/402-SellersDisclosureofPropertyCondition.pdf.)

ID
174