Question & Explain Why
A potential buyer for one of a broker’s listings is particularly concerned with the danger of fooding since she is moving from an area that recently had severe flood damage. What action should the listing broker take to reduce this buyer’s concern?
A – Advise her that homeowner’s insurance covers flood damage, so she does not need to worry.
B – Tell her not to worry because any lender will require flood insurance for a property in a flood plain
C – Recommend that she consult the online information on the National Flood Insurance Program for maps and the availability of flood insurance.
D – Inform her that the seller’s property disclosure does not reveal any flooding problem. Il she does suffer flood damage later, the seller will be responsible.
A potential buyer for one of a broker’s listings is particularly concerned with the danger of fooding since she is moving from an area that recently had severe flood damage. What action should the listing broker take to reduce this buyer’s concern?
A – Advise her that homeowner’s insurance covers flood damage, so she does not need to worry.
B – Tell her not to worry because any lender will require flood insurance for a property in a flood plain
C – Recommend that she consult the online information on the National Flood Insurance Program for maps and the availability of flood insurance.
D – Inform her that the seller’s property disclosure does not reveal any flooding problem. Il she does suffer flood damage later, the seller will be responsible.
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