What must Joe Fiengold do upon purchasing his property with an underground storage tank?

Study for the Maine Real Estate License Exam. Get ready with flashcards and multiple choice questions, each offering hints and explanations. Achieve your real estate career goals.

When Joe Fiengold purchases property that has an underground storage tank, he is required to report the change of ownership to the Department of Environmental Protection within a specific time frame. This regulation ensures that the state is aware of the new ownership and can track any potential environmental concerns associated with the underground tank. This step is crucial for maintaining proper oversight of facilities that can pose risks to soil and groundwater contamination.

Ensuring that the Department of Environmental Protection is informed helps facilitate the transition in ownership, allowing for any necessary inspections or compliance checks that may be required under state regulations. This acknowledgment can also assist new owners in understanding their obligations regarding maintenance, inspection, or potential remediation of the tank.

The other options focus on actions that may be relevant in other contexts but do not align with the legal requirements established for reporting purposes. This emphasizes the importance of adhering to proper channels when it comes to property transactions involving environmental management.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy