Property owners generally prefer the tax treatment of long-term capital gain over the tax treatment of short-term capital gain and ordinary income. At the most basic level obtaining favorable capital gain treatment is a function of ensuring that property is a capital asset and that the property...

The current commission system in real estate brokerage misaligns agent and house seller interests, so real estate agents have strong incentives to mislead their clients by convincing them to sell their houses too cheaply and too quickly. This paper studies, being motivated by the commission...

Real Estate Valuation Theory is organized around five categories of intellectual contribution to the whole-appraiser decision making and valuation accuracy, application of nontraditional appraisal techniques such as regression and the minimum-variance grid method, appraising contaminated...