Environmental
In Washington, the presence of a 100-year floodplain designation on a property requires buyers to know that:
AThe property will flood every 100 years exactly
BThere is a 1% annual chance of flooding, and federally-backed mortgages require flood insurance✓ Correct
CNo development is permitted on the property
DOnly agricultural use is allowed
Explanation
A 100-year floodplain designation means there is a 1% annual chance of flooding in any given year. Properties within designated Special Flood Hazard Areas require mandatory flood insurance for federally-backed mortgages.
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