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Mandated DisclosuresFlood DisclosureMEDIUM

In Delaware, what must a seller disclose regarding flood zones?

Correct Answer

B) The seller must disclose if the property is located in a FEMA flood zone

Under Delaware's Seller Disclosure of Real Property Condition Act (6 Del. C. § 2572), sellers are required to disclose whether the property is located in a FEMA-designated flood zone. This allows buyers to be informed of potential flood risk and any associated flood insurance requirements before completing the purchase.

Answer Options
A
No flood disclosure is required in Delaware
B
The seller must disclose if the property is located in a FEMA flood zone
C
Only commercial properties are required to disclose flood zone status
D
All properties must carry flood insurance regardless of zone status

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Related Topics & Key Terms

Related Topics:

FEMA flood zonesNational Flood Insurance Programmaterial disclosurescoastal propertiesSpecial Flood Hazard Area

Key Terms:

flood zone disclosureFEMASpecial Flood Hazard AreaSeller Disclosure Actflood insurance
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