3. You are considering selling your real estate property. (20 Points) a. Which options do you have to prove that you have good title for the property? (3 Points) b. Explain why the doctrine of constructive notice is relevant in this context. (5 Points) c. What is the different between constructive and actual notice? (5 Points) d. Explain the process you would have to pass through in order to prove title through title research. (7 Points) 4. It is sometimes necessary to appraise the value of real estate. Imagine the you are working in this profession. (20 Points) a. Please describe the appraisal process as dened by the Uniform Standards of Professional Appraisal Practice by highlighting the ve steps you feel are most important. (5 Points) b. Which approaches to conduct the valuation are commonly used? (3 Points) c. Which of the above-mentioned approaches would you prefer to use when appraising residential real estate? (2 Points) d. Please describe how to identify a good comparison to establish the market value of a real estate when using the sales approach. (5 Points) e. What is the difference between the reproduction and the replacement approach to calculate the value of a building? (5 Points)