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Article
Psychologically Impacted Houses: Broker Disclosure Behavior and Perceived Market Effects in an Unregulated Environment
Journal of Real Estate Practice and Education
  • James E. Larsen, Wright State University - Main Campus
  • Joseph Coleman, Wright State University - Main Campus
Document Type
Article
Publication Date
1-1-2001
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Abstract

This article reports the disclosure practices of Ohio real estate licensees when dealing with a psychologically impacted house and examines the perceptions of licensees concerning the market effects associated with such housing. Ohio is similar to many other states in that licensees there are not protected by statute from liability for failing to disclose this information, nor are they required by statute to disclose it. Survey information obtained from licensees about psychologically impacted residential transactions is examined. In the sample, disclosure practices vary widely among licensees, and they report moderately negative market effects associated with psychologically impacted houses.

Citation Information
James E. Larsen and Joseph Coleman. "Psychologically Impacted Houses: Broker Disclosure Behavior and Perceived Market Effects in an Unregulated Environment" Journal of Real Estate Practice and Education Vol. 4 Iss. 1 (2001) p. 1 - 16 ISSN: 1521-4842
Available at: http://works.bepress.com/james-larsen/17/