Question

Ryan has made an offer on a Maui property and elects to have it tested for radon and lead. Which of these statements is true?

a) As the buyer, Ryan will likely bear the cost of any inspections performed.
b) If the inspection indicates the presence of lead or radon, the seller must correct these issues.
c) Ryan's broker will complete an inspection contingency form and submit it with the offer to purchase.
d) The seller traditionally pays for any inspections the buyer wishes to perform.

Answer 1

The buyer, Ryan, will likely bear the cost of any inspections performed.

Step-by-step explanation:

The correct statement is A) As the buyer, Ryan will likely bear the cost of any inspections performed.

When purchasing a property, it is common for the buyer to pay for the cost of inspections, including inspections for radon and lead. This is because the buyer wants to ensure that the property is safe and free from these harmful substances before finalizing the purchase. Therefore, Ryan would be responsible for paying for the inspections.