In the context of Texas law, which item are sellers explicitly required to disclose following the TREC form update?

In Texas, under the updated Texas Real Estate Commission (TREC) disclosure requirements, sellers are explicitly required to disclose the floodplain status of the property. This is significant because floodplain information can have a direct impact on the safety, value, and insurability of the property. Buyers need to be aware if the property lies within a flood-prone area so they can make informed decisions regarding potential risks and necessary flood insurance.

The requirement highlights the importance of transparency in real estate transactions, as knowledge of floodplain status can prevent future disputes and protect both parties' interests. By disclosing this information, sellers comply with legal obligations while ensuring that buyers are informed about significant risks associated with the property. This emphasis on floodplain disclosure serves to protect consumers and promote trust in the real estate market.