Humber/Ontario Real Estate Course 2 Exam Practice

How can a stigma affect the sale of a property?

1. By dealing with tangible issues and problems

2. By having an impact on the length of time required to sell

3. By resolving issues readily due to transparency

4. Most of the time positively

5. Not at all as buyers usually ignore stigmas

6. Only if the stigma is publicized

The correct answer is: By having an impact on the length of time required to sell

A stigma can affect the sale of a property by having an impact on the length of time required to sell. Stigmas can include negative associations such as a property being haunted, a crime occurring on the premises, or proximity to undesirable neighbors. These stigmas can create hesitancy among potential buyers, leading to a longer time on the market before a sale is finalized. This can ultimately result in decreased interest and potentially lower offers from buyers. Options A, C, D, and E are incorrect because they do not accurately reflect the impact of a stigma on the sale of a property. Dealing with tangible issues and problems, resolving issues readily, and having a positive effect are not the typical outcomes of a property stigma. Additionally, stating that buyers usually ignore stigmas is not accurate, as stigmas can significantly influence buyer behavior in real estate transactions. Option F, stating that a stigma only affects the sale of a property if it is publicized, is also incorrect. Stigmas can affect the sale of a property even if they are not widely known or publicized, as they can still influence the perceptions and decisions of potential buyers.