The new Radon Disclosure requirement is scheduled to go into effect December 23, 2009.
The Iowa Administrative Rule will become effective for all transactions on December 23, 2009. As the Iowa property condition report form must be accurate prior to or at the time a purchase contact becomes binding, it is a good idea to immediately have the sellers become familiar with and utilize the Fact Sheet and the disclosure requirement. Buyers will have to acknowledge they have received the Fact Sheet. There is no requirement that REALTORS® or agents sign off on any radon disclosure. This law is similar to the lead based paint requirements, but without the real estate licensee having verification responsibilities that the requirements have been met.
Click here to download the new IAR Seller Disclosure of Property Condition form. IAR members will need to login to access this revised form. The new acknowledgements are reflected near the end of page 4 above the Seller and Buyer signatures.
The Radon Fact Sheet is created by and available for download by the Iowa Department of Public Health.
http://www.idph.state.ia.us/eh/common/pdf/radon/buyers_sellers_factsheet.pdf |