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Principles of real estate - Research Paper Example

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In the paper “Principles of real estate” the author provides economic elements of real estate. When it comes to real estate, land valuation, land use and determination of incomes of owners of the land are some of the elements considered when purchasing or leasing an estate…
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Principles of real estate
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Download file to see previous pages As a real estate agent working in Memphis for the past fourteen years, I have wisely made distinction between property and contractual rights. I have done by ensuring that there is a clear distinction between property rights that someone has over things enforceable against other people and contractual rights that are enforceable against a specific or particular person. In some instances, I will properly understand that property rights might come from contract (Thomas, 1996). In relation to real estate, for instance, I have to identify two sets of legal relationships to prevail alongside one another in that there is the property right to be exercised over the lease of the estate and contractual right to sue over evictions. In this manner, I have been able to work efficiently without complications in that I know my areas of jurisdiction as a real estate agent and in a position to handle any eventuality that might arise. Principle of property ownership From my fourteen year experience, I understand that property is usually perceived as being protected by domestic or local sovereignty. This is because ownership on its part does not necessarily equate with the issue of sovereignty because if ownership offered supreme power or authority, it will not be ownership but sovereignty. I have to do this due to the fact that; property ownership rights come from social convention while others come from explanation from natural law or morality. This in turn put me in a good position since I know there is an estate of indefinite duration.  ...Download file to see next pagesRead More
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