Everyone lives in an area with some measure of flood risk, according to Gilbert Giron, of the Federal Emergency Management Agency, who this month led a 网络研讨会 for 德州2021十大正规彩票app经纪人®. In fact, a Flood Insurance Rate Map (FIRM) provided by FEMA does not contain “no-risk” areas. The line on a FIRM shows the boundary of Special Flood Hazard Areas (SFHA) for insurance purposes, but it does not predict where floods can happen or the full risk of flooding.

Giron explained the terminology behind a number of concepts related to flooding, 洪水保险, and included in new flood-related questions on the Seller’s Disclosure Notice (TXR 1406). The burden to fill out the Seller’s Disclosure Notice rests with homeowners, 而是作为REALTOR®, you benefit from being able to understand the concepts contained in the form.

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