Stigmatized Property: Definition, Requirements & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The fair value of real property is determined in the market mainly by _____.

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1. Which of the following may not be disclosed to a potential buyer of stigmatized property?

2. What disclosure is required that may affect a buyer's decision to purchase stigmatized property or how much to pay for it?

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About This Quiz & Worksheet

Stigmatized property is usually undesirable and/or profitless regardless of its location. With these assessments, test your knowledge of other facts related to stigmatized property such as the related challenges and the information that does and does not have to be disclosed.

Quiz & Worksheet Goals

Assessments will test knowledge of the following:

  • Challenges to selling property stigmatized by tragedy
  • Information that may not be disclosed to a buyer of stigmatized property
  • Required disclosure that may affect the purchase price or purchase of a stigmatized property

Skills Practiced

  • Information recall - access the knowledge you've gained regarding what the seller should avoid and the buyer beware if evidence of a crime scene is not easily observed
  • Knowledge application - use your knowledge to identify how fair value of real property is determined in the market
  • Reading comprehension - ensure that you draw the most important information from the lesson on stigmatized properties

Additional Learning

The lesson on stigmatized properties titled Stigmatized Property: Definition, Requirements & Examples will increase your knowledge of properties where a tragedy previously occurred. The following objectives are covered:

  • Define stigmatized property
  • Review property disclosure requirements
  • Discuss whether stigmatized property can be profitable
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