Listing agent Susan learns that her seller's property is located in a flood zone, but FEMA maps show it as Zone X (minimal flood hazard). However, the property flooded during a storm in 2018. What disclosure obligations does Susan have?
Correct Answer
A) Disclose both FEMA zone and actual flooding history
Both official flood zone designation and actual flooding history are material facts requiring disclosure. A is incomplete - actual flooding history is more significant than zone designation. C is incorrect - actual flooding always requires disclosure. D is incorrect - material facts must be disclosed proactively.
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