Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Exam with our comprehensive Humber Course 2 Exam Practice quiz. Engage with multiple choice questions and detailed explanations, designed to help you excel.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What impact can a stigma have on selling property?

By dealing directly with structural issues
Increasing the time on market
Making the property more valuable due to its "history"
No impact whatsoever
Resolving quickly if true details are publicized
Spurring interest due to curiosity

The correct answer is: Increasing the time on market

A stigma can have a significant impact on selling property by increasing the time the property spends on the market. Stigmas such as a property being associated with a crime, a tragedy, or a notorious past can deter potential buyers and lead to a longer selling process. This is because buyers may be hesitant to purchase a property with a negative reputation, requiring the seller to potentially reduce the price or invest more in marketing efforts to overcome the stigma and attract buyers. In contrast, the other options are not accurate regarding the impact of a stigma on selling property.