Environmental
In New Mexico, which disclosure is specifically required for properties in Special Flood Hazard Areas (SFHAs)?
ANo specific disclosure is required
BSellers must disclose if the property is in a FEMA-designated SFHA, and flood insurance may be required✓ Correct
COnly commercial properties require flood zone disclosure
DThe buyer's lender is solely responsible for flood zone determination
Explanation
Material facts about the property include FEMA flood zone designation. Sellers and agents in New Mexico must disclose known flood zone status. Lenders will also order a flood zone determination before making a loan.
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