Flood Insurance for REALTORS
Flooding is considered a material fact to a real estate transaction, and failure to disclosure flood damage can result in liability.
About The Class
Flooding is one of the most common and costly natural disasters in America. The destruction it causes can have lasting effects on your business, especially if you're a real estate professional who fails to disclose any flood-related damages when selling properties or helping clients purchase homes near bodies of water like rivers and oceans.
Brokers and agents generally owe buyers a duty to disclose adverse material features, conditions, or aspects of property of which they have actual knowledge. Brokers and agents are not, however, generally required to investigate independently whether a property is in a flood zone or otherwise in an area likely to be subject to flooding or flood risks.