### Question
How is the "contract for the purchase and sale of residential real property" defined?


### Answer
The term **contract for the purchase and sale of residential real property** is defined in *42 U.S.C. § 4851b* as follows -

> any contract or agreement in which one party agrees to purchase an interest in real property on which there is situated 1 or more residential dwellings used or occupied, or intended to be used or occupied, in whole or in part, as the home or residence of 1 or more persons

#### Citation:
  - *42 U.S.C. § 4851b*
  - Heading: **CHAPTER 63A-RESIDENTIAL LEAD-BASED PAINT HAZARD REDUCTION**

