Environmental
In Washington, a seller who is aware of a leaking oil tank in the basement of their home must:
ADisclose the condition on Form 17 and may need to remediate before sale✓ Correct
BOnly disclose if the buyer has an inspection contingency
CLeave it for the buyer to discover in the inspection
DReport only to the county health department
Explanation
A leaking oil tank is an adverse material fact requiring disclosure on Washington's Form 17. Depending on the extent of contamination, remediation may be required before a buyer's lender will approve financing, or the sale price will be adjusted.
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