Environmental
An underground storage tank (UST) on a Minnesota property that leaks petroleum products creates what type of concern for a real estate licensee?
AIncreased property value due to energy storage potential
BA material environmental condition that must be disclosed and may require MPCA-supervised cleanup✓ Correct
CA zoning violation only
DA cosmetic issue that does not affect title
Explanation
A leaking underground storage tank (UST) is a serious environmental hazard in Minnesota. It must be disclosed as a material condition. Cleanup is typically required by the MPCA, and the contamination can significantly impact property value, marketability, and lender willingness to finance the property.
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