Environmental
What is the significance of a FEMA flood zone 'AE' designation on a Delaware property?
AThe property is in the 500-year floodplain with no insurance requirements
BThe property is in the Special Flood Hazard Area (100-year floodplain) with a base flood elevation determined, requiring flood insurance for federally backed loans✓ Correct
CThe property is in an area with no flood risk
DAE indicates agricultural-exempt zoning, not flooding
Explanation
FEMA Flood Zone AE is a Special Flood Hazard Area (100-year floodplain) where base flood elevations have been determined. Properties in Zone AE require mandatory flood insurance purchase for federally backed mortgages.
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