Environmental
Oregon requires sellers to disclose the presence of underground storage tanks (USTs) on residential property. This disclosure is part of:
AThe Oregon DEQ Voluntary Cleanup Program only
BThe Oregon Seller's Property Disclosure Statement (SPDS)✓ Correct
CThe federal CERCLA notification requirement
DThe Oregon Forest Practices Act
Explanation
Oregon's Seller's Property Disclosure Statement (ORS 105.464) requires sellers to disclose known underground storage tanks, hazardous materials, and environmental contamination. USTs (often used for heating oil, gasoline, or other fuels) can contaminate soil and groundwater, creating significant cleanup liability. Buyers should investigate any disclosed or suspected USTs with Phase I/II environmental assessments.
Related Oregon Environmental Questions
- What is a 'wetland' under Oregon law and why is its presence significant for real estate?
- Which of the following environmental hazards is MOST commonly associated with older commercial properties and is regulated under CERCLA (Superfund)?
- Electromagnetic fields (EMFs) from power lines are considered a potential environmental concern because they:
- A property in eastern Oregon near a mining operation may have contamination from:
- Oregon's Department of Land Conservation and Development (DLCD) is responsible for:
- A Salem, Oregon property near a former dry cleaner is being sold. The Phase I Environmental Site Assessment reveals a 'recognized environmental condition.' What should the buyer do next?
- The National Environmental Policy Act (NEPA) requires:
- Oregon's Department of State Lands (DSL) is responsible for managing:
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →