Modern Real Estate Practice

ISBN-10: 1419521985

ISBN-13: 9781419521980

Edition: 17th 2006 (Revised)

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For nearly 50 years Modern Real Estate Practice has set the industry standard for real estate education with over 50,000 copies sold every year and over 3 million real estate professionals trained. Now, in this exciting new edition, Modern Real Estate Practice continues that tradition of excellence and value. Book jacket.
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Book details

List price: $52.31
Edition: 17th
Copyright year: 2006
Publisher: Kaplan Publishing
Publication date: 6/1/2006
Binding: Paperback
Pages: 577
Size: 8.60" wide x 11.00" long x 1.10" tall
Weight: 2.992
Language: English

Robert Kyle holds an M.S. in electrical engineering from Southern Methodist University. He has thirty-two years of experience in radar, missile, electronic warfare, and microwave systems. Currently a senior systems engineer for Texas Instruments.

Prefacep. vii
Acknowledgmentsp. x
Introduction to the Real Estate Businessp. 3
A Very Big Businessp. 4
Real Estate: A Business of Many Specializationsp. 4
Professional Organizationsp. 6
Types of Real Propertyp. 7
The Real Estate Marketp. 8
Key Point Reviewp. 11
Related Web Sitesp. 12
Questionsp. 13
Real Property and the Lawp. 15
Land, Real Estate, and Real Propertyp. 16
Real Property and Personal Propertyp. 19
Characteristics of Real Propertyp. 22
Laws Affecting Real Estatep. 24
Key Point Reviewp. 25
Related Web Sitesp. 27
Questionsp. 28
Concepts of Home Ownershipp. 30
Home Ownershipp. 31
Housing Affordabilityp. 33
Homeowners' Insurancep. 36
Federal Flood Insurance Programp. 37
Key Point Reviewp. 38
Related Web Sitesp. 39
Questionsp. 40
Agencyp. 42
Introduction to Real Estate Agencyp. 43
Law of Agencyp. 44
Types of Agency Relationshipsp. 51
Customer-Level Servicesp. 59
Key Point Reviewp. 61
Questionsp. 64
Real Estate Brokeragep. 66
The History of Brokeragep. 67
Real Estate License Lawsp. 68
Real Estate Brokeragep. 69
Antitrust Lawsp. 78
Key Point Reviewp. 81
Related Web Sitesp. 84
Questionsp. 85
Listing Agreements and Buyer Representationp. 88
Listing Agreementsp. 89
Termination of Listingsp. 92
The Listing Processp. 93
The Listing Contract Formp. 95
Buyer Agency Agreementsp. 103
Key Point Reviewp. 107
Questionsp. 110
Interests in Real Estatep. 113
Limitations on the Rights of Ownershipp. 114
Government Powersp. 114
Estates in Landp. 116
Encumbrancesp. 121
Water Rightsp. 126
Key Point Reviewp. 128
Related Web Sitesp. 129
Questionsp. 130
Forms of Real Estate Ownershipp. 133
Forms of Ownershipp. 134
Ownership in Severaltyp. 134
Co-ownershipp. 135
Trustsp. 140
Ownership of Real Estate by Business Organizationsp. 141
Condominiums, Cooperatives, Town Houses, and Time-Sharesp. 143
Key Point Reviewp. 149
Related Web Sitesp. 151
Questionsp. 152
Legal Descriptionsp. 154
Describing Landp. 155
Methods of Describing Real Estatep. 155
Preparing a Surveyp. 165
Measuring Elevationsp. 165
Land Acquisition Costsp. 167
Land Units and Measurementsp. 167
Key Point Reviewp. 168
Related Web Sitep. 169
Questionsp. 170
Real Estate Taxes and Other Liensp. 173
Liensp. 174
Real Estate Tax Liensp. 177
Other Liens on Real Propertyp. 182
Key Point Reviewp. 185
Related Web Sitep. 187
Questionsp. 188
Real Estate Contractsp. 190
Contract Lawp. 191
Discharge of Contractsp. 195
Contracts Used in the Real Estate Businessp. 197
Key Point Reviewp. 203
Related Web Sitep. 204
Questionsp. 205
Transfer of Titlep. 208
Titlep. 209
Voluntary Alienationp. 209
Involuntary Alienationp. 217
Transfer of a Deceased Person's Propertyp. 218
Key Point Reviewp. 221
Questionsp. 223
Title Recordsp. 226
Public Recordsp. 227
Proof of Ownershipp. 230
Uniform Commercial Codep. 233
Key Point Reviewp. 233
Questionsp. 235
Real Estate Financing: Principlesp. 238
Mortgage Lawp. 239
Security and Debtp. 240
Promissory Notesp. 241
Mortgages or Deeds of Trustp. 243
Provisions of Land Contracts and Owner Financingp. 248
Foreclosurep. 249
Key Point Reviewp. 251
Related Web Sitep. 252
Questionsp. 253
Real Estate Financing: Practicep. 255
Introduction to the Real Estate Financing Marketp. 256
Financing Techniquesp. 261
Loan Programsp. 264
Other Financing Techniquesp. 272
Financing Legislationp. 275
Computerized Loan Origination and Automated Underwritingp. 278
Key Point Reviewp. 279
Related Web Sitesp. 282
Questionsp. 283
Leasesp. 286
Leasing Real Estatep. 287
Leasehold Estatesp. 288
Lease Agreementsp. 290
Types of Leasesp. 296
Discharge of Leasesp. 297
Fair Housing and Civil Rights Lawsp. 299
Key Point Reviewp. 300
Related Web Sitep. 301
Questionsp. 302
Property Managementp. 307
Overview of the Property Management Professionp. 308
The Property Managerp. 308
The Management Plan and Agreementp. 311
The Property Manager's Responsibilitiesp. 313
Federal Laws Affecting Property Managementp. 319
Risk Management and Environmental Issues Related to Property Managementp. 321
Key Point Reviewp. 324
Related Web Sitesp. 326
Questionsp. 327
Real Estate Appraisalp. 329
Appraisingp. 330
The Appraisal Processp. 331
Valuep. 339
The Three Approaches to Valuep. 342
Key Point Reviewp. 349
Related Web Sitesp. 350
Questionsp. 351
Land-Use Controls and Property Developmentp. 354
Land-Use Controlsp. 355
The Comprehensive Planp. 356
Zoningp. 356
Building Codes and Certificates of Occupancyp. 360
Subdivisionp. 360
Private Land-Use Controlsp. 363
Regulation of Land Salesp. 364
Key Point Reviewp. 365
Related Web Sitesp. 366
Questionsp. 367
Fair Housing and Ethical Practicesp. 369
Equal Opportunity in Housingp. 370
Fair Housing Actp. 371
Fair Housing Practicesp. 378
Enforcement of the Fair Housing Actp. 382
Implications for Brokers and Salespeoplep. 383
Professional Ethicsp. 384
Key Point Reviewp. 385
Related Web Sitesp. 387
Questionsp. 388
Environmental Issues and the Real Estate Transactionp. 390
Environmental Issuesp. 391
Hazardous Substancesp. 392
Groundwater Protectionp. 400
Underground Storage Tanksp. 401
Waste Disposal Sitesp. 402
Brownfieldsp. 403
Environmental Protectionp. 404
Liability of Real Estate Professionalsp. 405
Key Point Reviewp. 407
Related Web Sitesp. 410
Questionsp. 411
Closing the Real Estate Transactionp. 413
Preclosing Proceduresp. 414
Conducting the Closingp. 416
RESPA Requirementsp. 420
Preparation of Closing Statementsp. 422
Prorationsp. 425
Sample Closing Statementp. 429
Key Point Reviewp. 433
Related Web Sitesp. 435
Questionsp. 436
Introduction to Real Estate Investmentp. 438
State Statutes Web Linksp. 450
Web Linksp. 452
Math FAQsp. 463
Sample Examinationsp. 522
Glossaryp. 542
Answer Keyp. 563
Indexp. 568
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