Environmental
Underground storage tanks (USTs) are of concern in real estate transactions primarily because they may:
AReduce the property's assessed value for tax purposes
BHave leaked petroleum or hazardous substances, contaminating soil and groundwater✓ Correct
CRequire a zoning variance to remain on the property
DViolate HOA covenants in residential subdivisions
Explanation
Leaking USTs (common on former gas stations and industrial properties) can contaminate surrounding soil and groundwater with petroleum products or hazardous chemicals, creating significant environmental liability and remediation costs.
Related Arkansas Environmental Questions
- An environmental covenant (institutional control) is used to:
- Arkansas's Pollution Control and Ecology Act (APC&E Act) is the primary state environmental law governing:
- The Toxic Substances Control Act (TSCA) specifically regulates:
- The Clean Air Act regulates which of the following that can affect property values near industrial areas?
- A vapor intrusion assessment is needed when:
- The EPA requires that real estate agents and sellers provide buyers of pre-1978 homes with how many days to conduct a lead-based paint inspection?
- A Covenant Not to Sue (CNTS) from a state environmental agency provides what benefit to a buyer of contaminated property?
- Formaldehyde off-gassing in homes is most commonly associated with:
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →