Environmental
Colorado's 'oil and gas development' near residential areas can affect real estate values by:
AA. Always increasing property values due to royalty income potential
BB. Potentially affecting values both positively (royalty income for mineral owners) and negatively (noise, traffic, odors, perceived risk), depending on proximity and mineral ownership✓ Correct
CC. Only affecting commercial properties
DD. Having no effect on residential property values
Explanation
Oil and gas development in Colorado can have mixed effects on real estate. Surface owners who also own mineral rights may receive royalties (positive).
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