Agency
In New Mexico, an agent's failure to disclose to their buyer client that the property is in a flood zone is:
AAcceptable if the buyer doesn't ask
BA breach of the agent's disclosure duty and potentially a NMREC violation — flood zone status is a material fact✓ Correct
COnly relevant if the buyer is getting flood insurance
DAcceptable if the listing agent didn't disclose it either
Explanation
Flood zone status materially affects property value, insurance costs, and the buyer's decision. A buyer's agent who knows or should know the property is in a flood zone must disclose this to the buyer client.
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