Professional Documents
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Internal Business Training
Internal Business Training
Welcome!
Why Training?
VRM wants to build a relationship of mutual trust
and respect with the VA.
Agenda
Lead
Wiki Facts
Lead is a naturally occurring heavy metal, like zinc, silver, and copper. It is mined, it cannot be manufactured.
Lead is one of the first metals used by man, dating back to about 6500 BC, when the Egyptians began using lead pipes. The primary use of lead today is in lead-acid batteries but its also used in solder, copper wiring, cell phones, jewelry, etc.
Lead was added to paint in the 50s, to increase durability, fresh appearance, and drying speed.
TOXICITY
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Researcher
The man whose work led
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August 2007
Avi and brother AJ both suffer behavioral problems and learning disabilities from lead poisoning.
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Desktop Procedures
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There are still 38+ million houses in the United States with lead-based paint.
Strategy, document:
Asset built prior to 1978 There is no evidence of deteriorating paint.
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Stabilization Option
The Decision to Stabilize, to reduce the hazards, is based on the following:
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Stabilization Option
Bids
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Stabilization Option
Approving Stabilization
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Exemption Option
stabilization requires
meeting specific criteria.
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Exemption
There are Five Types of Exemptions
1. Properties damaged by natural disaster, fire, or structure
collapse, which now pose imminent danger to human life,
safety, or health.
2. Properties damaged by natural disaster, fire, or structure collapse and the property is at risk for further damage. 3. Properties slated for demolition, subject to federal, state, and local environmental requirements. 4. Temporary Exemptions are granted for inclement weather.
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Exemption
5. Special Exemptions (all four criteria are required):
1. Uninhabitable Properties
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Missing, non-working, or damaged vital components (plumbing, mechanicals, electrical, roof, bathrooms, stove) making them uninhabitable in current condition.
Excessive peeling, flaking, chipping paint making them uninhabitable (since surfaces have not been tested.)
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Exemption
Exemption - Marketing Strategy
When a property meets exemption requirements: Document exemption type and detail the reasons in the Market Strategy Comments section. Market Strategy is AS IS to a Cash Buyer.
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Lead-based Paint
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QUIZ
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1. Reviewing interior and exterior photos is immaterial: the Listing Broker will call-out the paint issues during their initial inspection.
True False 2. Paint Stabilization can be as simple as a little scraping and sanding. True False 3. Documentation of paint condition must be in the Market Strategy only if deteriorated. True False
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Test Your Knowledge 4. When a pre-1978 asset is exempt from stabilization requirements, there is only one Marketing Strategy available. True False 5. Exemption is self-evident and does not need to be further documented. True False 6. An EPA-Certified Inspection is required for pre-1978 assets. True False
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Test Your Knowledge 7. If a property is Exempt, language in the local MLS must specify that the property is uninhabitable and/or severely damaged with deteriorated paint surfaces that will not be treated by VA, and which will need to be opened or removed so that structural or utility systems repairs can be completed prior to occupancy. True
False
8. For ALL properties built prior to 1978, special language is required in the local MLS stating the property was built prior to 1978 and lead-based paint potentially exists. True
False
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Test Your Knowledge 9. You can approve stabilization bids under $1,000 as Repair expenses. True False 10. You can eliminate the majority of QA Findings by documenting every LBP decision you make through the process. True False 11. Poor Condition is essentially the same as Uninhabitable. True
False
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True
False
13. The word DOCUMENT has been used 9 times in this program for a reason.
True False 15. Your dollar threshold for approving Inspection/Stabilization repairs is under $1,000. True False
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Thank You.