real estate law

real estate law

In this Assignment, you have an opportunity to work with some of the concepts that you read about in the assigned chapters. There are two parts to this Assignment.

Part 1:

Create
a PowerPoint presentation regarding the fixtures and

personal property
involved in the scenario.

Part 2: Discuss the obligations of a real estate professional

1) Read the scenario located here.

2)

Download
the Assignment details to address the checklist items.

3) Complete both parts of the Assignment and submit Part 1 and Part 2 to the Assignment Dropbox for Unit 1.

Carl Zenks is a very successful plumber who bought a shell of a home that was only mostly finished when he purchased it in Phoenix, Arizona. He bought the house without any light fixtures, appliances, plumbing fixtures or any electronics or electrical features. Carl added the following to his property: He installed an

alarm system
, a surround sound system, an embedded flat screen television in the bedrooms, telephones in all the bathrooms, a stair lift for his mother to get up to the second floor, and an above ground pool. He also added new plumbing fixtures, a workshop with all his plumbing tools, fans in all the main rooms, some stand-alone lamps, a few ceiling fixtures, all the appliances, a boat dock out back, additional lighting around the driveway, and a household surge protector out in the garage to ensure the appliances are not destroyed by an over-surge of electricity. After five years, he is selling the home.

Response to the scenario provides complete information demonstrating analysis and critical thinking: 80% Part 1: In a 9-slide PowerPoint® presentation with an additional title and references slide, address the items below using 3–4 bulleted items per slide with notes below each slide. 1. What will stay with the house and what will automatically convey to the seller and why? 6 2. What can the owner do to ensure certain items can be either removed by the owner or included in the sale? 4 3. Indicate the steps that a lender must take to perfect an interest in these items so that they may be used as collateral for a new loan. 4 Subtotal: 14 Part 2: Provides 1–2 pages (also include an additional title and references page) addressing:  What are the legal and ethical obligations of the real estate professional in terms of listing the property? 14 Subtotal: 28 Spelling, grammar, APA format, and citation style

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