Environmental
An Iowa property buyer discovers the property is located within a 100-year floodplain. The buyer's REALTOR® should advise them to:
ACancel the purchase immediately
BReview FEMA flood maps, consult a flood insurance specialist, and consider the flood insurance cost✓ Correct
CDemand the seller elevate the structure before closing
DConsult only the county recorder
Explanation
Properties in 100-year floodplains require flood insurance with federally backed mortgages, have higher flood risk, and may have limitations on uses. Buyers should review FEMA maps, understand insurance requirements, and factor costs into their decision.
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