Humber/Ontario Real Estate Course 2 Exam Practice

What should a salesperson consider when dealing with a stigmatized property?

1. Legal requirements to disclose all stigmas to buyers.

2. Market impact and perception without legal obligation.

3. Potential buyer's interest without mentioning the stigma.

4. Non-disclosure to avoid affecting property value.

5. Stigma’s impact on property's physical state only.

6. Immediate disclosure regardless of seller's instruction.

The correct answer is: Potential buyer's interest without mentioning the stigma.

When dealing with a stigmatized property, a salesperson should consider the potential buyer's interest without mentioning the stigma. This choice is correct because while there may not be a legal requirement to disclose stigmas in Ontario, it is essential to understand the market impact and perception without legally obligated disclosure. By considering the potential buyer's interest without explicitly mentioning the stigma, the salesperson can navigate the sale more effectively and ethically. It is crucial to balance transparency with sensitivity to ensure a successful transaction. Options A, D, and F are incorrect because they do not align with best practices for dealing with stigmatized properties. Legal requirements may not mandate the disclosure of stigmas, but it is still vital to consider how these factors can impact the transaction. Non-disclosure and immediate disclosure without regard for the seller's instruction can potentially harm the sale and the property's value. Option B is not the best choice as it only focuses on market impact and perception without considering the potential buyer's interest, which is a key factor in successfully selling a stigmatized property. Option E is also incorrect as it oversimplifies the issue by focusing solely on the stigma's impact on the property's physical state, neglecting the broader implications for buyers and the market perception.