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Discuss the Difference(s) Between the Real Estate Professional Exception and the Active

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Essay

Discuss the difference(s) between the real estate professional exception and the active participation exception when dealing with rental properties.


Definitions:

Dual-Processing System

The concept in psychology that suggests there are two different systems in the brain for processing information: one that is fast, automatic, and nonconscious, and another that is slower, more deliberate, and conscious.

Circadian Rhythm

The natural, internal process that regulates the sleep-wake cycle and repeats on each rotation of the Earth roughly every 24 hours.

Narcolepsy

A sleep disorder characterized by uncontrollable sleep attacks. The sufferer may lapse directly into REM sleep, often at inopportune times.

Sequential Processing

The cognitive ability to analyze and process information in a linear, step-by-step manner.

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