Environmental
A Texas property near a former gas station may contain soil contamination from a leaking underground storage tank (LUST). A buyer should be concerned about:
AIncreased property taxes from the contamination
BPotential liability as a property owner even if they did not cause the contamination✓ Correct
CTREC license revocation for purchasing a contaminated property
DHigher title insurance premiums
Explanation
Under CERCLA, current property owners can be held liable for cleanup costs even if they did not cause the contamination (strict liability). Buyers can protect themselves through environmental due diligence (Phase I/II ESAs) and contractual protections.
Related Texas Environmental Questions
- A Texas property with historic agricultural use may have soil contamination from:
- In Texas, the 'voluntary cleanup program' (VCP) administered by TCEQ allows property owners to:
- In Texas, a property adjacent to an active oil field may experience 'subsidence' from oil and gas extraction. Subsidence refers to:
- Texas Senate Bill 900 requires public water suppliers to test for and report on certain contaminants. As a real estate agent, the most relevant environmental issue related to public water supply is:
- Texas has 'right to farm' provisions that protect agricultural operations. When a Texas buyer purchases property adjacent to existing farms or ranches, the real estate agent should:
- In Texas, properties near oil refineries, petrochemical plants, or other heavy industry may require disclosure of potential issues related to:
- Lead-based paint disclosure requirements under federal law apply to residential properties built:
- Texas Senate Bill 1356, which became effective in 2011, expanded seller disclosure requirements to include:
Practice More Texas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Texas Quiz →