Real Estate Law
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You have a textbook case for fraud and misrepresentation against the seller because they clearly knew that this was coming and intentionally concealed this fact. This would be a huge material fact that would have influenced your decision to purchase and now you can act to hold them liable.
With that said, since there is no way to "correct" the problem, the you are left with two options....you can sue to try and rescind the sale entirely and force them to refund the money, which may be difficult if they have spent it.. or you can sue them for damages in the form of the fair market value of the property in a flood zone vs. one out of a flood zone.
Whether you can get the realtor in this as well depends on whether they were made aware of the letters and was a part of the fraud or not.. But I would still name them in the lawsuit and let them try to get out of it..