What is the term for a property disclosure statement concerning hazardous materials?

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Prepare for the Montana Real Estate Exam. Use flashcards and multiple choice questions, each question comes with hints and explanations. Get ready to succeed on your exam!

The term for a property disclosure statement concerning hazardous materials is best described as "Lead and radon disclosure." This term specifically addresses the requirements related to the disclosure of lead-based paint hazards and radon gas, both of which are significant health hazards identified by federal law. When a property was built before 1978, sellers are required to disclose the potential presence of lead paint, while radon disclosure is crucial due to the health risks associated with radon gas exposure.

This answer stands out in context because it specifically targets two prevalent hazardous materials that are regulated in real estate transactions, emphasizing the importance of such disclosures in protecting the health and safety of potential buyers. While other options mention different aspects of property disclosure, they either do not specify hazardous materials as clearly or encompass a broader scope without focusing on these critical issues.

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