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What is required if a property is in a FEMA designated flood zone?
Immediate evacuation of the property
Disclosure and the need for the buyer to purchase flood insurance
A reduction in the listing price
A federal inspection prior to sale
The correct answer is: Disclosure and the need for the buyer to purchase flood insurance
FEMA designated flood zones indicate that the area is at a high risk for floods. As a property owner, you are required to disclose this information to potential buyers, as it may affect the property's value and safety. Therefore, in this situation, the correct answer is B - the need for the buyer to purchase flood insurance. The other options are incorrect because they are either not necessary (A, C) or not related to flood protection (D).