Land Use ControlsNatural_hazardsMEDIUM
Which of the following best describes the relationship between Iowa's tornado risk and real estate transactions?
Correct Answer
B) Known tornado or storm damage history is a material fact requiring disclosure, and storm shelters or safe rooms are material features for buyers
Iowa has significant tornado risk and ranks among states with frequent tornado activity. Under Iowa's seller disclosure requirements, known material defects — including prior storm or tornado damage — must be disclosed to buyers. The presence of storm shelters or safe rooms is also considered material information that can affect a property's value and a buyer's decision.
Answer Options
A
Iowa has no significant tornado risk, so storm damage history need not be disclosedB
Known tornado or storm damage history is a material fact requiring disclosure, and storm shelters or safe rooms are material features for buyersC
Tornado-related disclosures are required only by federal law and do not apply to Iowa residential transactionsD
Tornado damage history and storm shelters are relevant only in commercial real estate transactionsWhy This Is the Correct Answer
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Related Topics & Key Terms
Related Topics:
Tornado-Alleymaterial-disclosurestorm-shelterIowa-specific
Key Terms:
tornadoIowamaterial disclosurestorm shelterTornado Alley
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