Environmental
Under Oregon law, sellers of property in coastal erosion hazard areas must disclose this risk because it represents:
AA minor aesthetic concern unrelated to property value
BA material fact that could affect the property's long-term value and usability✓ Correct
COnly a concern for the insurance company
DA disclosure only required by lenders, not sellers
Explanation
Coastal erosion can cause significant loss of land and structural damage over time. A property's location in a coastal erosion hazard area is a material fact that could substantially affect its value and usability, requiring disclosure under Oregon's material fact disclosure obligations.
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