The California legislature has mandated that a seller disclose certain natural hazard zones upon the transfer of real property, whether residential or commercial. For residential sales, those disclosures are typically made on a statutory form called the “Natural Hazard Disclosure Statement” (“NHDS”).
The hazard zones on the NHDS are delineated on regulatory government maps that cover six hazard categories: two seismic (earthquake-related), two fire, and two flood.
In addition, California’s cities and counties also recognize certain natural hazard threats when planning land-use within their jurisdictions. Where a natural hazard is deemed sufficiently important, the municipality delineates a zone around it and depicts it on a hazard map in the Safety Element of the city or county General Plan.
Finally, while not “natural”, other property issues might be viewed as “hazards” by a prospective buyer. Their disclosure is usually recommended (and required in certain cases) because they may be considered material to a transaction. These may include property taxes and environmental issues .
Join us when First American NHD Representative, Marie Belknap covers:
- The Importance of an NHD Report
- What is Included in an NHD Report
- How to Order an NHD Report
Don’t miss this opportunity to gain valuable knowledge!
Agenda
6:00 Arrival
6:10 Opening remarks
6:15 Market Recap
6:20 Inspiration Corner
6:30 Agent Roundtable
7:15 Speaker with Q and A
About the Speaker:
First American is one of the leading providers of natural hazard disclosure reports. First American strives to meet your needs to provide comprehensive natural hazard disclosure reports that are produced by experts in geology and geo-spatial analysis. Marie Belknap has years of experience in the Natural Hazard Disclosure Division of First American. She provides clients with a comprehensive overview of the NHD industry and assists with specific homeowner questions as they relate to each property.