NC Electives

Do You Want to Hear Something Really Scary? Stigmatized Properties


Description
Despite efforts by the NCREC (North Carolina Real Estate Commission) to advise brokers that various stigmas do not create the necessity of consumer disclosure, confusion reigns. This confusion may be due to the law itself which states that murders, suicides, and illnesses do not have to be disclosed—true—but if asked a direct question by consumers, brokers cannot lie. Moreover, there are many different types of stigmas—not just ones associated with death.

The purpose of this course is to provide examples of many different types of stigmas; to review research on the impact of stigmas on property value; to analyze various lawsuits regarding stigmatized properties; and to discuss appropriate disclosure practices and requirements.

Course Number: 1916 Name of elective cou...: Do You Want to Hear Something Really Sca...

Content
  • Section 1 INTRODUCTION
  • 1.1 Introduction to on-demand courses from Debbie
  • 1.2 Introduction to "Do You Want to Hear Something Really Scary?"
  • 1.3 Course goals and objectives
  • 1.4 Video: How to navigate this course
  • 1.5 Rules of engagement
  • 1.6 Your instructor
  • Section 2 TYPES OF STIGMATIZED PROPERTIES:HAUNTED HOUSES
  • 2.1 Definitions and examples of stigmatized property
  • 2.2 Type of Stigma: Haunted House/Paranormal Activity
  • 2.3 Poltergeist, Part 1
  • 2.4 Poltergeist, Part 2
  • 2.5 American beliefs about haunted houses
  • 2.6 The Amityville Horror
  • 2.7 Are ghosts a material fact?
  • 2.8 What would make you purchase a haunted house?
  • Section 3 TYPES OF STIGMA: PUBLIC INTRIGUE
  • 3.1 Type of stigma: Public intrigue
  • Section 4: TYPES OF STIGMA: DEATH
  • 4.1 Type of stigma: Death
  • 4.2 Suicides
  • 4.3 Murders
  • 4.4 Cemeteries
  • 4.5 What happens if you have a cemetery on your property?
  • Section 5 TYPES OF STIGMA: ABANDONED PROPERTY
  • 5.1 Type of stigma: Abandoned property
  • Section 6 TYPES OF STIGMAS: CRIMINAL ACTIVITY
  • 6.1 Type of stigma: Crime
  • Section 7 TYPES OF STIGMAS: DEBT
  • 7.1 Type of stigma: Debt
  • 7.2 Debt Collection Do's and Don'ts
  • Section 8 TYPES OF STIGMAS: PROXIMITY TO HEALTH RISK
  • 8.1 Type of stigma: Proximity to health risks
  • 8.2 Love Canal
  • 8.3 Michael Moore and Love Canal
  • 8.4 Environmental hazards and their cycles
  • 8.5 An example of the media cycle: Erin Brockovich
  • 8.6 Review of Stigmas
  • Section 9 IMPACT ON MARKET VALUE
  • 9.1 Stigmas and market value
  • 9.2 Appraiser Randall Bell discuss the challenges of valuation.
  • 9.3 Two other factors to consider
  • 9.4 The Lizzie Borden house
  • 9.5 Dark Tourism
  • 9.6 Buying a haunted funeral home
  • 9.7 Review of stigmatized properties and value
  • Section 10 LITIGATION
  • 10.1 Lawsuits involving stigmatized properties
  • 10.2 Stambovsky v. Ackley
  • 10.3 A Tour of the Lutz' and Ackleys' homes
  • Section 11 DISCLOSURE
  • 11.1 Disclosure requirements
  • 11.2 Disclosure requirements in North Carolina
  • 11.3 Let's look at NC's disclosure law once again.
  • 11.4 The pros and cons of disclosure
  • 11.5 When and how to disclose
  • 11.6 LA Realtor discusses selling haunted houses
  • 11.7 Review: Disclosure practices
  • Section 12
  • 12.1 Conclusion
  • 12. 2 You're almost done!
  • 12.3 End-of-course survey
  • 12.4 Just hit the complete button
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: Forever