Tierra Grande, Volume 9, Number 4, October 2002 Page: Inside Front Cover
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Return of the REITs by Harold D. Hunt
REITS haven't always been a popular investment choice, but with Wall
Street going south, more and more investors are giving them another look.12 A River Runs Through It: Waste Management at Center
of Controversy by J.W. Siebert
Water quality and waste management practices are spurring debate between
City of Waco officials and dairy farmers along the North Bosque River.
page 12 16 Brokerage Under the Research Microscope by Jack C. Harris
Research reveals what traits characterize successful brokers, why profes-
sional designations pay and how globalization may change the industry.
18 Endangered Species Act: What Landowners Should Know
by Charles E. Gilliland
The presence of a threatened or endangered species may limit a landowner's
development options. Get the lowdown on the Endangered Species Act and
how to comply while using land profitably.22 Analyze This: Homeowners are Happier by Jack C. Harris
Homeownership is a good investment. But the benefits go beyond dollars
and cents. Research shows that homeowners are happier, have better self-
esteem and are more committed to their communities.
23 Retirement Plans for Self-Employed Improve by Jerrold J. Stern
Thanks to the 2001 Tax Act, self-employed real estate brokers and sales
associates have more retirement planning options than before.
24 Tax Break for Leasehold Improvements
by Jerrold J. Stern
The 2002 Tax Act allows a bonus deduction for improvements made to
commercial property.
25 Right to Sue in Sales Contracts by Judon Fambrough
Land buyers, beware. If the sales contract does not assign the right to sue for
damages that occurred before you owned the property, you won't have a
legal leg to stand on.2002, Real Estate Center. All rights reserved.
DIRECTOR, Dr. R. Malcolm Richards; ASSOCIATE DIRECTOR, Gary Maler; COMMUNICATIONS DIRECTOR, David S. Jones; ASSOCIATE EDITOR, Nancy McQuistion; ASSISTANT EDITOR, Kammy Baumann;
ASSISTANT EDITOR, Ellissa Brewster; ART DIRECTOR, Robert P. Beals II; GRAPHIC DESIGNER, I.P. Beato; GRAPHIC ASSISTANT, Chad Murphy; PUBLICATION DISTRIBUTION MANAGER, Lois Carter;
CIRCULATION MANAGER, Mark W. Baumann. TYPOGRAPHY, Real Estate Center; LITHOGRAPHY, Wetmore & Company, Houston. ADVISORY COMMITTEE: Jerry L. Schaffner, Dallas, chairman; Celia
Goode-Haddock, College Station, vice chairman; Joseph A. Adame, Corpus Christi; David E. Dalzell, Abilene; Tom H. Gann, Lufkin; Joe Bob McCartt, Amarillo; Catherine Miller, Fort Worth; Nick Nicholas,
Dallas; Douglas A. Schwartz, El Paso; and Larry Joki, Brownsville, ex-officio representing the Texas Real Estate Commission. TIERRA GRANDE (ISSN 1070-0234), formerly Real Estate Center Journal, is published
quarterly by the Real Estate Center at Texas A&M University, College Station, Texas 77843-2115. Telephone: 979-845-2031 or E-mail: info@recenter.tamu.edu. SUBSCRIPTIONS are free to all Texas real estate
licensees. Other subscribers, $20 per year. VIEWS EXPRESSED are those of the authors and do not imply endorsement by the Real Estate Center, the Lowry Mays College & Graduate School of Business or
Texas A&M University. The Texas A&M University System serves people of all ages, regardless of socioeconomic level, race, color, sex, religion, disability or national origin. PHOTOGRAPHY/ILLUSTRATIONS:
Randy Birdwell, pp. 2, 3; Bob Beals, pp. 4, 7, 16; Nancy McQuistion, pp. 6, 7; Real Estate Center files, pp. 9, 17, 22, 23, 24, 25, 26; J.P. Beato, pp. 1, 12-13, 14, 15, 21, 27; Superstock p. 16; Courtesy of
Texas Parks & Wildlife, pp. 19, 20.2 Peso Power by M.A. Anari and Mark G. Dotzour
As the U.S. and Mexican economies become increasingly entwined, Texas
retailers are learning that a drop in the peso-dollar exchange rate translates
to a smaller bottom line for them.
4 Country Getaways by Charles E. Gilliland, Michael Mays
and Jonathan Sanders
Buyers in search of private getaways where they can hunt, fish or just kick
back and relax drove a strong rural land market in 2001.
7 Mortgage Rate and Inflation: An Intimate Relationship
by M.A. Anari and Mark G. Dotzour
Mortgage lending is risky business. Here's why the expected inflation rate is
the key factor in determining the mortgage interest rate.page 16
page 24
Hot-air balloons drift over the Johnson
Space Center during the Ballunar Liftoff
Festival in Houston.
Photographer J.P. Beato
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Texas A & M University. Real Estate Center. Tierra Grande, Volume 9, Number 4, October 2002, periodical, October 2002; College Station, Texas. (https://texashistory.unt.edu/ark:/67531/metapth654254/m1/2/: accessed April 25, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.