You're right she couldn't have known unless they told her. I'm more upset over the fact that the realtor doesn't seem to want to go to bat for them to get the money back.
If the seller failed to disclose the flooding, your parents realtor could not have known. Why would you think he/she would? How could they? Plain and simple, if the house had flooded before and the seller failed to disclose they are in default. Saying "as is" doesn't matter. Those types of contracts are negotiated all the time if still within the option period. Now if your parents want out their Realtor needs to make noise but understand that it may take an attorney getting involved. Like Ken, my wife deals with this every day. She is a Broker/Realtor but not giving this opinion.
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