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Texas Real Estate (Example)

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Texas Real Estate Name Institution Affiliation Types of Estate in Land An estate in land involves the legal rights and interests that a person has over a property. Real estate interests normally vary in types of interests their transferability and also their duration. It can also depend on specific actions or events. There are several types of states which govern interests in property or land. They include freehold estate and leasehold estate among others. Freehold estate is a type of estate in land where the ownership duration is indeterminate. The right of a title is characterized by two basic elements which include immobility and indeterminate duration. It could be for an individual’s lifetime or an unlimited duration. The owner of the property has immediate rights for the undefined duration of time (Sheininger 2017). The above type of estate is perpetual. In the event of the death of the owner producing evaluating buying leasing managing or selling real estate tend to be localized illiquid and highly segmented. They also what results into transactions that are negotiated privately and high transaction cost. Investors need to put into consideration the above unique characteristic of real estate when they are making investment decisions involving real estates. Investors also need to recognize these challenges of transactions involving real estate since they may affect the values of real estates. Reference Ambrose B. & Lusht K. (2008). Overview of Commercial Real Estates Industry. NAREIT. Feinstein B. (2017). Judging Judicial Foreclosure. SSRN Electronic Journal. Galbraith J. (2012). The Nature of Real Estates & Real Estate Market. Emphoris 1(1). Monchaux N. (2010). Local Code: Real Estates. Architectural Design 80(3) 88-93. Parker M. (2017). Keep up with Real Estates Council (TREC). Retrieved from Sheininger E. (2017). Freehold Estates. Retrieved 11 December 2017 from [...]

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ESSAY Instructions Instructions: This is open book, notes, library, internet or anything you like, EXCEPT, you may not consult any person, whether a classmate or otherwise, on any substantive point of any answer. Spelling and grammar may account for up to 10% of the grade. Submit your work as a single Word file on the Assignments page. Questions: SECTION 1 – SHORT ESSAY QUESTIONS (5 pages) Recommended length: one pages each. • Discuss two types of estate in land. • When would a Trustee’s Deed be used, and what makes it different from a General Warranty Deed? • What is TREC? What does it do? Why? (Do not copy material from a website) • Discuss the impact of history on modern real estate practices in the US. • What is judicial foreclosure, and why is it unpopular in Texas? SECTION 2 – LONG ESSAY QUESTION (8 pages) No page limit One Hundred Points (you may interpret that as a length recommendation!) In what ways do the unique economic characteristics of real estate impact modern real estate transactions in the US? (HINT: the term “multidsiciplinary” might be useful) NOTES (May or may not be useful) SOME OBSERVATIONS ON THE ART OF TAKING ESSAY EXAMS When I gave my first essay examination, a Georgia peanut farmer was in the White House and the one-year-old Apple II computer’s only real competitor was the brand-new Radio Shack TRS-80 with up to 16K (yes, K) of main memory and no disk drives (you used an ordinary cassette tape recorder). Yes, I’ve been around for a while, and I can tell you that almost without exception, those who have done well on my essay exams did so because they knew who I was and why they were communicating with me. Who am I? Assume I am an expert in the field who is thoroughly familiar with the terms and concepts intended to be used in teaching the course. I know what they mean, but I don’t know if you do. Why are you writing this essay? This is a TEST! It is used to determine if you’ve learned what you were supposed to. Why are you writing it for me? Because I have to judge the level of your grasp of the material. Remember your role in this exercise! You’re not telling me anything about the course material! You aren’t solving a problem that I don’t know the answer to, nor are you answering a question about something I want to know! I already know the answer – do you?? So, if I ask “which is better, A or B?” and you answer “A” with nothing further, you’ll get no credit even if “A” is better. That’s because you didn’t answer the real question, which is: “Can you prove to me that you know what A is, that you know what B is, that you know the differences and similarities between them, and that you can evaluate those differences and similarities to make a rational choice between them?” If you answer that, you’ll get a top grade even if you then say “B is better” when it isn’t! Keeping that in mind . . . . some tips: Analyze the Question Determining why the particular question is being asked before attempting to answer it can save a lot of grief. What is the key concept being addressed? How was that concept treated in the course materials? What would you have to do to show you have mastered the concept? Rewrite the question so that the answer will show that you understand the concept and have mastered it, instead of just being able to regurgitate a definition of it. Say that again: show me what you know, not what you read!!! Say Enough Yes, windy, run-on essays are usually a sign that the writers are attempting to tap-dance around questions they can’t answer. However, an answer that’s TOO SHORT is worse! A coworker, “Abel,” was once described to me by “Baker” as being “the kind of person who, if you ask him for the time, will tell you how a watch is made.” Baker intended that to be a putdown, but if Abel was taking an essay exam in one of my classes, he’d be way more likely to get an “A” and ol’-short-and-to-the-point Baker might flunk! Remember – I’m NOT asking you for the time, I want to know how much you know about timekeeping! Just make sure it’s relevant – don’t ramble on about stuff that doesn’t meet the “why was this question asked” test. Look for clues about how to determine the depth of your analysis and length of your answer. A REAL GOOD ONE is the point allocation! If one question carries a one-page limit and can get you five points and another has no page limitation and is worth seventy five points, that’s a pretty good indication that the answer to the second one had better be a lot longer. Trust me on this one. ;-) “Yes, it is” is NEVER a correct answer – at least not standing alone. Follow Standard Practices Use formal language. You don’t have to sound like you’re writing a scholarly journal article, but you should not use slang or familiarities. An essay answer that starts out: “Doood! Like, I KNOW this one!! . . . “ is not likely to get a high grade. Remember, too, that spelling and grammar count. CITE YOUR REFERENCES! Even your textbook! Use APA formats or some other CONSISTENT standard for all citations (I do not grade according to the APA handbook, but I do require a complete citation). The following resource may help: (Links to an external site.)Links to an external site. Each answer should contain a key sentence identifying the central concept the question was intended to test. This should be the first sentence in the answer or the last sentence in an introductory paragraph. The rest of the answer will explain or justify this concept, define the things needing definition and so on. There will usually be terms or phrases in the curriculum that are associated with a key concept – use them in the answer! When it’s necessary to define (or identify) something, use the standard definition format: first establish the general category, then describe the specific features of the subject. For example: Definition of “cardboard box” – “A cardboard box is a container, usually square or rectangular in width, depth and height, and which is made of heavy paper stock or corrugated fiberboard.” That’s a “5 out of 5 points” definition. A “50 out of 50 points” definition would go on to tell how it’s made, what it would be used for, what alternatives might exist, where it can be obtained, and so on, depending on the context of the course. When comparing or choosing between alternatives, identify the features of each, then either explain the features that are the same followed by the ones that differ, or discuss each feature as it applies to both the alternatives – that is, either (1) group the discussion of all features according to similarities and differences, or (2) cover each feature separately including specific application to each of the alternatives. Analysis of the question will reveal which approach to use. In either case, introductory paragraphs will identify the alternatives and features and a closing paragraph will summarize the results of the comparison. Be Methodical Follow a consistent approach (engineers call it a “process”) that assures you will not only do everything you need to do, but you’ll have the tools to do each step when you get to it. Design your own process, but here’s an example:

Subject Area: Finance

Document Type: Reports

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Price $130

Words 3025

Pages 11

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