Maine Real Estate License Practice Exam

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

1. Immediately stop using the tank until inspected

2. Relocate the tank within 100 feet of the well

3. Close the tank with sand or concrete

4. Report the change of ownership within 10 days to the Department of Environmental Protection

The correct answer is: Report the change of ownership within 10 days to the Department of Environmental Protection

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.