Property Management
An Oklahoma property manager must disclose to prospective tenants if the property is in a Special Flood Hazard Area (SFHA) because:
AOREC requires flood zone disclosures for all rentals
BThe flooding risk is a material fact affecting the tenant's decision to rent and their need for flood insurance✓ Correct
CFederal law mandates flood zone disclosure for all real estate rentals
DOnly commercial property flood zones need disclosure
Explanation
Flood zone status is a material fact relevant to a prospective tenant's housing decision, including whether they should obtain renter's insurance that covers flood damage. Disclosing known material facts is a fundamental duty of Oklahoma licensees.
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