Which of the following does NOT qualify as a "psychologically affected property"?

Prepare for the Indiana Real Estate Broker Exam. Study with interactive quizzes featuring multiple choice questions, hints, and detailed explanations. Get exam ready today!

The concept of a "psychologically affected property" in real estate refers to properties that may have been impacted by certain events that could affect the perception of potential buyers, even if those events are not legally required to be disclosed. These situations often invoke emotional reactions or stigmas.

A home where a well-known crime occurred, a dwelling where a death from natural causes occurred, and a house previously occupied by a celebrity are all classified as properties that may carry psychological or emotional connotations for prospective buyers, hence they qualify as "psychologically affected properties."

In contrast, a dwelling where firearms had been discharged by party-goers does not imply any ongoing emotional impact or stigma associated with the property in the same way that the other choices do. While it may suggest a rowdy or unsafe environment, it does not carry the same weight of psychological effect regarding death or crime that typically influences buyers’ perceptions significantly. This distinction helps clarify why this particular scenario does not qualify as a “psychologically affected property.”

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy