National Real Estate Exam Quiz
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PROPERTY DISCLOSURES AND ENVIRONMENTAL ISSUES
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A real estate agent learns that a property may contain both wetlands and be in a floodplain. What is the BEST recommendation for the buyer?
A
Proceed with purchase since environmental issues can be resolved after closing with permits
B
Include environmental due diligence contingencies for wetland and flood determinations
C
Focus only on flood insurance since wetland issues are handled by local authorities
D
Obtain title insurance with environmental endorsements to protect against regulatory problems
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