Vermont flood zone disclosure is important because:
Correct Answer
B) Flood insurance may be required for financed properties in flood zones
Properties in FEMA flood zones with federally backed mortgages must carry flood insurance, an additional cost buyers need to know about.
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A buyer asks a Georgia licensee to interpret a FEMA flood zone map and determine whether the property is at risk of flooding. The licensee has no specialized training in flood mapping or hydrology. How should the licensee handle this request?
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