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Radon Real Estate and Homebuilders by Kerry Kidwell Heyworth, IL Slide 2 www.RealEstateEducation.info Kerry@RealEstateEducation.info Slide 3 A successful real estate transaction takes TEAMWORK NOTE: To change images on this slide, select a picture and delete it. Then click the Insert Picture icon in the placeholder to insert your own image. Slide 4 8 reasons why its good to be from Illinois Slide 5 1. Radon is on seller disclosure form Item 14 on Seller Disclosure: I am aware of unsafe concentrations of radon on the premises Slide 6 2. We have an awesome website and great staff Radon.Illinois.Gov Show average for each county Show list of testers and mitigators Lots of FREE pdfs to download Easy to work with Slide 7 Slide 8 Slide 9 3. Radon education approved for real estate continuing education. 3 hours of elective credit Slide 10 4. We have radon disclosure form for residential 1-4 unit transactions Slide 11 Slide 12 5. We have rental disclosure required Disclose IF landlord or tenant tests and it tests HIGH No disclosure needed if landlord tests (low) OR mitigated Problem here tenant doesnt use proper protocol Slide 13 Slide 14 6. We require testing of day care facilities Slide 15 7. We license testers, mitigators and those selling testing devices and dont allow double dipping ! Testers must report results to the state Encourage buyers to retest after mitigation Slide 16 8. We require passive systems in residential new construction Cheaper for builders Will lower level some without the fan Realtors dont assume level is low Slide 17 Agent Advice Slide 18 Dont scare clients and customers Educate your clients Get materials from EPA www.epa.gov/nscep When listing, encourage sellers to prepare Slide 19 Breathing Easy: What Buyers and Sellers Should Know about Radon Slide 20 EPA Publications Slide 21 Educate / work with builders on passive systems Test EARLY in the transaction Never mess with the tests Use licensed testers Dont tolerate incompetence Look at radon system (is it working?) Slide 22 Be aware of lender guidelines Dont assume a system has properly lowered the level Always retest after mitigation Consider appropriate contract language Get more than one bid and written guarantee Slide 23 Slide 24 Slide 25 The key is not the "will to win"... everybody has that. It is the will to prepare to win that is important. - Bobby Knight, Former Indiana Basketball Coach Slide 26 Questions ? Slide 27 Thank you for having me ! 27 Thanks!