Environmental
A Virginia property owner who discovers an old underground oil tank that has leaked must notify:
AOnly their insurance company
BVirginia DEQ and take appropriate remediation steps✓ Correct
CVREB within 30 days
DThe local fire marshal only
Explanation
Virginia law requires property owners to notify DEQ of petroleum releases from underground storage tanks. DEQ then oversees the investigation and cleanup process under Virginia's petroleum storage tank regulations.
People Also Study
Related Virginia Questions
- A Virginia property near a former gas station is found to have petroleum-contaminated soil. Under the Virginia Petroleum Storage Tank (PST) program, cleanup is administered by:Environmental
- A Virginia agent discovers that a property's underground storage tank (UST) may have leaked. What is the agent's responsibility?Environmental
- Virginia requires disclosure of a known underground oil storage tank (UST) on the Residential Property Disclosure Statement. A buyer concerned about UST contamination should:Environmental
- Underground storage tanks (USTs) on a Virginia property are a concern primarily because:Environmental
- The Virginia Property Owners' Association Act (POA Act) requires that a seller provide a buyer with a POA disclosure packet. The buyer then has how many days to void the contract?Property Ownership
- The Virginia POA Act requires a property owners' association to provide a disclosure packet to a buyer within how many days of the request?Property Ownership
- In Virginia, a property owner who wants to divide their land into two or more lots for sale must typically go through which process?Property Ownership
- A Virginia buyer discovers after closing that the previous owner's heir has a claim to the property. Which protects the buyer?Escrow & Title
Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
ProrationThe division of ongoing property expenses (taxes, HOA dues, rents) between buyer and seller at closing based on their respective days of ownership.
Study This Topic
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →