Environmental
A NJ property near a Superfund (CERCLA) site may experience which real estate impact?
AHigher property values due to government investment
BReduced property values, difficulty obtaining financing, and stigma affecting marketability✓ Correct
CAutomatic rezoning to industrial use
DExemption from all property taxes
Explanation
Proximity to a Superfund site typically reduces property values, creates a stigma affecting marketability, and can make financing difficult to obtain. These are forms of external (economic) obsolescence.
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