Environmental
In Michigan, a real estate professional should be aware that 'environmental stigma' can:
AOnly affect contaminated properties
BReduce property values even after cleanup is complete because of market perception and lingering concern about past contamination✓ Correct
COnly affect commercial properties
DBe eliminated by filing a deed restriction
Explanation
Environmental stigma is the lasting reduction in market value or buyer resistance that persists even after a contaminated Michigan property is cleaned up, reflecting buyers' ongoing concern about the property's history and potential undiscovered risks.
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