Principles of Real Estate Practice

Principles of Real Estate Practice is a modern learning tool for the student preparing to enter the real estate business as a licensed professional. The textbook contains the essentials of real estate principles, law, and practices taught in real estate schools and colleges across the country, including all those fundamentals that real estate educators, practicing professionals, national testing services, and state licensing officials agree are necessary for basic competence. Principles of Real Estate Practice covers the national requirements for the initial 30-90+ hours of classroom study, or its equivalent, mandated by state license laws across the country.

Principles of Real Estate Practice is tailored to the needs of the pre-license student. Its examples and exercises are grounded in the authors’ fifty combined years in real estate education. The textbook is designed to

make it easy for students to learn the material and pass their real estate exam

prepare students for numerous career applications

stress practical, rather than theoretical, skills and knowledge.

Table of Contents

The Real Estate Business

Rights in Real Estate

Interests and Estates

Ownership

Encumbrances and Liens

Transferring and Recording Title to Real Estate

Real Estate Leases

Land Use Planning and Control

Legal Descriptions

Real Estate Contract Law

Agency

Listing Agreements

The Brokerage Business

Contracts for the Sale of Real Estate

Real Estate Market Economics

Appraising and Estimating Market Value

Real Estate Finance

Real Estate Investment

Real Estate Taxation

Ethics: Laws and Practices

Closings

Real Estate Licensing and Regulation

Risk Management

Property Management

Real Estate Mathematics and Formulas

Glossary of Residential Style and Construction Terms

Glossary of General Real Estate Terms

Index