North Carolina Real Estate Commission passed new disclosure rules requiring detailed flood risk information for home buyers. Sellers must now reveal flood insurance status, past claims, and federal assistance received due to flooding. This follows similar moves in South Carolina, New York and New Jersey, acknowledging increasing flood risks nationwide.
Advocates stress the importance of transparency. However, many states still lack such requirements. Calls for federal action persist, but individual state initiatives aim to empower buyers with crucial flood-related information to help make more informed decisions.