The law does not dictate who will pay for the test, buyer or seller.....however the new disclosure forms seem to allow the seller to choose who will pay for it.So I think in reality, all buyers should be prepared to pay for the test, and I think, though I dont know for sure, that lenders will require remediation if the level is above the federally prescribed safety levels.

All of my tenants get a lead disclosure form whether I know of lead or not.  

They will make you sign a bunch of disclosures saying they know nothing and is not their problem.

Remember, anything you can find during due diligence process can be potentially used as a leverage to further negotiate the purchase price, especially if it is a high cost item that was not in disclosure. 

There are others who can answer more to this, but if you are a licensed realtor you should check your states disclosure laws.

Full disclosure, I work at HomeUnion.Gaurav, your advice to do your own research is a very sound one.

Being required by law to fill out a seller's disclosure and then being held liable for the information contained therein would set a dishonest seller's teeth on edge.

And I don't want that HOPE to cloud my judgement (that's the whole "rational actor" thing.)And so that no one needs to feel shy or feels like they need to offer extensive full disclosures, I already know that if I look to buy something in the mid-west, I'll be contact both James and Dawn.

Pay a commission or compensation to any licensee affiliated with the broker for performing services under this act; 2. with the written agreement of the seller, landlord, buyer or tenant share a commission with another broker who acted as a transaction broker, a subagent or an agent of the other party; and 3. pay a referral fee to a person who is licensed as a broker under the real estate brokers' and salespersons' license act or under the law of another jurisdiction, provided that written disclosure is made to the client of any financial interest that the broker has in the brokerage firm receiving the referral fee.

If you are a senior or lowincome, call your local Legal Services, 1-866-LAW-OHIO (1-866-529-6446).What the Law Says a Seller Can’t Do• A Seller cannot sell property by Land Contract if the Seller owes more on a mortgage on that property than the balance due under the Land Contract.EXCEPTION: a mortgage that covers more property than just the real property sold on Land Contract to the Buyer is acceptable if the Seller has made prior written disclosure to the Buyer of the amount of the mortgage. • A Seller cannot put a mortgage on property being sold by Land Contract during the Land Contract in an amount BIGGER than the balance due on the contract without the consent of the Buyer.What the Law Says a Seller Must Do• Every Seller must, at least once year or upon your demand, (but no more than twice a year), give you a statement showing the amount paid in principal, amount paid in interest, and the remaining balance owed.• The Seller must RECORD the Land Contract in the County Recorder’s Office where the property is located within 20 days of signing, and it shall contain the legal description of the property.