In West Virginia, environmental issues such as underground storage tanks must be disclosed because they:
Correct Answer
B) May contaminate soil and groundwater, affecting property value and health
Underground storage tanks may leak and contaminate soil and groundwater, posing health risks and significant cleanup costs. This is a material environmental condition that must be disclosed in West Virginia real estate transactions.
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A seller's disclosure statement is a form that sellers complete to inform buyers about the condition and history of the property, including known defects, past repairs, insurance claims, and environmental issues.
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More Mandated Disclosures Questions
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- → Buyer's agent Mark discovers through public records that the property his clients want to purchase has an active code violation for an unpermitted addition. The listing doesn't mention this violation. What should Mark do under Georgia disclosure and representation requirements?
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- → A buyer asks a Georgia licensee whether any registered sex offenders live near a property listed for sale. Under O.C.G.A. § 44-1-16, how should the licensee handle this inquiry?