Which of the following is NOT considered an indicator of a psychologically affected property?

Prepare for the Indiana Real Estate Commission Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Normal wear and tear of the property is not considered an indicator of a psychologically affected property because it pertains to the physical state of the property rather than its emotional or psychological impact. Psychologically affected properties typically involve factors that might deter potential buyers or renters due to their associated stigma, such as events that impact the perceived safety or desirability of the location.

In contrast, items like the presence of a methamphetamine lab, a recent owner's death, or a felony occurring at the location directly influence how the property's history may be perceived by the public. These situations can create significant psychological effects on potential buyers or tenants, as they may evoke concerns about safety, health hazards, or emotional disturbances related to the property's past. Therefore, normal wear and tear, which is a common aspect of property maintenance, does not carry the same emotional implications and is not linked to any stigma regarding the property's value or desirability.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy