Virginia Law and Abandoned Underground Oil Tanks: Essential Information for Real Estate Agents
Pollard Environmental’s Education Resources
Virginia real estate agents can leverage valuable resources when managing residential underground petroleum tanks during property transactions. Pollard Environmental offers three levels of complimentary classes for local associations, day-long seminars, or individual real estate offices. These sessions cover Virginia state water control laws, local regulations, and financial responsibilities related to abandoned and leaking residential heating oil USTs (Underground Oil Tanks).
Prevalence of USTs
Underground oil tanks are common in Virginia properties built before 1980. Understanding the regulations and responsibilities is crucial for new real estate professionals to protect their clients from potential legal and financial risks.
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- Legal Requirements: How do Virginia State Water Control Laws and State Building & Fire Codes apply?
- Advise: How should you advise your buyer or seller?
- Risk Management: What are the risks to human health and the environment?
- Issues to Consider: Who is the responsible party? What is the financial exposure?
- Virginia Financial Assistance: Will financial assistance from Virginia help?
- Process to Address: What is the process in properly decommissioning an UST in Virginia?
- Legal Requirements: How do Virginia State Water Control Laws and State Building & Fire Codes apply?
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Highly Recommended – Incredibly Informative.
Unexpectedly Interesting & Full of Good Information
Should be Required of all VA-Licensed Agents!