What must sellers disclose according to a 2023 update to TREC forms?

Sellers are required to disclose whether the property is located in a floodplain due to the significant implications this information can have for potential buyers. Properties within a floodplain are at a heightened risk of flooding, which can affect not only the safety and livability of the home but also the type of insurance that might be required, such as flood insurance, and the overall value of the property. This requirement aligns with the principle of transparency in real estate transactions, ensuring that buyers have all the necessary information to make informed decisions about their investments.

In contrast, while the other options—swimming pools, conservation easements, and homeowners associations—can certainly affect a buyer’s decision, they do not carry the same level of critical risk associated with floodplain disclosures. Thus, the focus on floodplains reflects the priority of addressing health, safety, and financial security in property transactions.