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Realtor.com Adds Flood Risk Tool

  On August 26, 2020, Realtor.com rolled out a new property listing feature called Flood Factor, an online flood risk visualization tool developed by the First Street Foundation. Realtor.com is the first to integrate a feature like this enabling consumers to access comprehensive flood risk information specific to each individual property, including the FEMA flood zone and a risk score between 1 (minimal risk) and 10 (extreme risk). During a search of realtor.com, users can now access this flood data along with other filters, such as Schools, Noise, and Crime.

Flood Factor supports NAR policy to provide accurate flood mapping with full transparency and disclosure. Because FEMA flood maps cover only the high NFIP population areas along major rivers and some of the coast, many consumers could be buying or selling a home in harm's way and not know. NAR recently commissioned a Legal Research Center study, which found a number of lawsuits against real estate professionals for not taking more steps to disclose flood risk. Flood Factor can help provide another credible flood risk tool for consumers while filling in the gaps on FEMA maps.
NAR has developed a Frequently Asked Questions (FAQ) Sheet to help members field questions from customers about Flood Factor data
Click here to learn more from: Realtor Magazine

 

 

 

 


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