Do You Know How to Read and Understand the NHD Report so you can explain it to your buyer in 5 minutes?
Class Topics Include:
- How do you determine if the property is in a flood, fire or earthquake zone?
- Is the NHD report mandatory What are the 6 Natural Hazard Disclosures on the Signature Page of the NHD report?
- Can the buyers agent choose the NHD company they prefer when writing an offer on the RPA form?
- Who pays and who is responsible to provide the NHD report?
- The NHD report you choose for your client should include enough E &O Insurance to protect all the parties involved in the transaction, since this is a non-regulated industry
- When is the NHD report required to be given to the buyer?
- How long is the NHD report valid from the day it is written?
- If the property has one address with several APN numbers, do you need more than one NHD report?
- Is the Buyers agent required to sign the Signature Page, which is the statutory form from CAR?
- If your buyer is in a flood zone are they required to pay for flood insurance?