Land Use & Zoning
A Washington property in a flood zone designated as 'Zone AE' on a FEMA flood map:
AHas no special requirements
BRequires federally-mandated flood insurance for federally-backed mortgages✓ Correct
CIs unbuildable
DRequires only a local permit to build
Explanation
Properties in FEMA-designated Special Flood Hazard Areas (such as Zone AE) require federally-mandated flood insurance as a condition of any federally-backed mortgage. Development may also require elevation certificates and flood zone permits.
People Also Study
Related Washington Questions
- A Washington commercial property is located in a FEMA-designated Special Flood Hazard Area. Federal law requires the buyer to:Environmental
- A Washington city's critical areas ordinance (CAO) designates wetlands on a property. Development restrictions in the CAO may require the property owner to:Land Use & Zoning
- An 'infill development' in Washington's urban areas refers to:Land Use & Zoning
- Washington's Growth Management Act identifies 'urban growth areas' (UGAs). Development outside UGAs is generally:Land Use & Zoning
- Private Mortgage Insurance (PMI) is typically required on Washington conventional loans when:Finance
- A Washington borrower with an FHA loan wants to remove mortgage insurance. Under current FHA rules for loans originated after 2013 with less than 10% down, MIP:Finance
- A Washington county's critical areas ordinance designates a wetland buffer zone of 50 feet. A property owner may:Land Use & Zoning
- A Washington buyer qualifies for a maximum monthly mortgage payment of $2,600 PITI. Taxes = $350/month, Insurance = $120/month. What maximum loan amount might the buyer qualify for if the P&I factor is $6.65 per $1,000 at 7%?Real Estate Math
Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Private Mortgage Insurance (PMI)Insurance required by lenders on conventional loans with less than 20% down payment, protecting the lender — not the borrower — against default.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
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.
Study This Topic
Practice More Washington Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Washington Quiz →