Environmental
A NC buyer discovers the property has an underground storage tank (UST) that was previously used for heating oil. The buyer should:
AIgnore it since heating oil is not hazardous
BRequest an environmental assessment, as leaking USTs can cause soil and groundwater contamination✓ Correct
CAccept the property as-is since the seller disclosed the UST
DOnly investigate if the tank is still in use
Explanation
Underground storage tanks, even decommissioned ones, can leak petroleum products contaminating soil and groundwater. The buyer should commission a Phase I and potentially Phase II environmental assessment before closing on property with known USTs.
Related North Carolina Environmental Questions
- A NC seller who has a private well system should provide the buyer with a well water test report for which contaminants at minimum?
- Carbon monoxide (CO) in a NC home is most commonly produced by:
- CERCLA (the Superfund law) imposes cleanup liability on:
- A NC broker listing a property that may have had a buried oil tank should recommend the seller:
- Volatile organic compounds (VOCs) in a NC home are often found in:
- Formaldehyde in homes is commonly found in:
- Underground Storage Tanks (USTs) are a concern in commercial real estate transactions because:
- Which NC state law regulates the management and disposal of solid waste and directly affects real estate development near former landfill sites?
Practice More North Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →