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

question 125

Essay

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

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Definitions:

Reconstruction

The period after the Civil War in the United States when the southern states were reorganized and reintegrated into the Union.

Military Occupation

The control and governance of a territory and its population by a foreign military presence, typically resulting from conquest or invasion.

Fifteenth Amendment

A constitutional reform ratified in 1870 in the U.S. which mandated that the right to vote could not be denied based on race, color, or previous enslavement.

Equal Protection

A legal principle found in the Fourteenth Amendment of the US Constitution, requiring states to treat all individuals within its jurisdiction with the same degree of protection under the laws.