Environmental
An Iowa property buyer discovers the property is in a FEMA-designated Special Flood Hazard Area (SFHA). This means:
AThe property cannot be mortgaged
BFlood insurance is required if the property has a federally backed mortgage✓ Correct
CThe property must be elevated before closing
DThe buyer must waive the purchase contingency
Explanation
Properties in FEMA-designated Special Flood Hazard Areas (100-year floodplain) with federally backed mortgages are required to carry flood insurance through the National Flood Insurance Program.
Related Iowa Environmental Questions
- Iowa regulations require that abandoned wells on property being sold must be:
- Iowa farmland with tile drainage systems that discharge to streams may be subject to:
- A property near an Iowa hog confinement facility may experience which environmental concern most relevant to a real estate transaction?
- Iowa landowners near rivers are responsible for complying with which federal act when considering development near wetlands?
- CERCLA (the Comprehensive Environmental Response, Compensation, and Liability Act) is commonly known as:
- Which of the following substances found in older Iowa homes is regulated under the Toxic Substances Control Act (TSCA)?
- An Iowa property's drinking water well tests positive for coliform bacteria. This is a:
- Polychlorinated biphenyls (PCBs) in Iowa commercial buildings are a concern because they were historically used in:
Practice More Iowa Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Iowa Quiz →