Humber/Ontario Real Estate Course 4 Exam Practice

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Prepare for the Humber Real Estate Course 4 Exam with a comprehensive quiz designed to test your knowledge through flashcards and multiple-choice questions. Enhance your understanding and boost your confidence before taking the exam!

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!

Practice this question and more.

From a real estate standpoint, what does a stigma generally involve?

Always involves something that occurred on the property and not adjacent to that property.
Resolving serious structural issues.
Has varying relevance, depending on the buyer's and seller's perspectives.
Is not a consideration when attempting to value a property.
Typically involves real risk.
Is purely an emotional reaction.

The correct answer is: Has varying relevance, depending on the buyer's and seller's perspectives.

A stigma in real estate refers to a negative impression or reputation associated with a property. It may involve something that occurred on the property itself, such as a crime or environmental hazard, but it can also be based on external factors such as the neighborhood or the seller's personal history. It is not limited to serious structural issues (option B) or purely emotional reactions (option F), and it can be a concern for both buyers and sellers (option A and D are incorrect). On the other hand, it is not always a major factor in valuing a property (option E) as its relevance can vary depending on individual perspectives (option C).