Environmental
In Tennessee, a seller who conceals known environmental contamination from a buyer may be liable for:
AOnly administrative fines from TDEC
BFraudulent misrepresentation, giving the buyer grounds to rescind the contract and seek damages✓ Correct
CNo liability after the closing occurs
DOnly TREC disciplinary action
Explanation
Concealing known environmental contamination is fraud. The defrauded buyer may have grounds to rescind the contract, recover remediation costs, and seek other damages from the seller.
Related Tennessee Environmental Questions
- Tennessee's voluntary cleanup program (VCP) administered by TDEC is designed to:
- In Tennessee, a 'site assessment' for a property that previously housed a dry-cleaning business would focus primarily on testing for:
- In Tennessee, a real estate transaction involving a property with known hazardous materials in place (such as properly maintained asbestos) should:
- In Tennessee, which of the following describes a 'recognized environmental condition' (REC) in a Phase I ESA?
- Perfluoroalkyl and polyfluoroalkyl substances (PFAS) in drinking water are an emerging environmental concern for real estate because:
- In Tennessee, 'radon' is classified as a:
- Chlorinated solvents (PCE, TCE) are common environmental contaminants in Tennessee because they were used extensively in:
- In Tennessee, a 'wellhead protection area' is a zone surrounding a public water supply well where:
Practice More Tennessee Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Tennessee Quiz →