Environmental
In Tennessee, which organization manages the National Flood Insurance Program (NFIP) participation at the local level?
ATREC
BLocal governments that adopt and enforce floodplain management regulations✓ Correct
CTennessee Housing Development Agency
DTDEC alone
Explanation
NFIP participation requires local governments to adopt and enforce FEMA-compliant floodplain management regulations. FEMA administers the program federally, but local governments must comply to make flood insurance available to residents.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Transfer TaxA tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
State-Specific Concepts
TREC Regulation
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