Environmental
Under North Dakota law, who is responsible for disclosing a known underground storage tank to a potential buyer of residential property?
AOnly the real estate broker
BThe seller, who must disclose this on the North Dakota Seller's Disclosure form✓ Correct
CThe title company
DThe buyer's lender
Explanation
North Dakota's Seller's Disclosure form requires sellers to disclose known underground storage tanks and other environmental conditions. The seller bears the primary disclosure obligation, though the agent must also disclose known material facts.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
State-Specific Concepts
Disclosure Requirements
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