Environmental
In Michigan, disclosure of a property's location in a designated flood zone is:
AOptional and only recommended for sellers
BA material fact that should be disclosed to buyers, as it affects insurance requirements, financing, and flood risk✓ Correct
COnly required for properties that have flooded in the past
DRequired only by the lender, not the seller
Explanation
A property's location in a FEMA flood zone is a material fact affecting flood insurance requirements, financing, and risk. Michigan sellers and agents should disclose known flood zone status to buyers.
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