Principles of Real Estate Practice in Michigan: 2nd Edition

Principles of Real Estate Practice in Michigan contains the essentials of the national and Michigan real estate law, principles, and practices necessary for basic competence as a real estate professional and as mandated by Michigan license law. It is based on our highly successful and popular national publication, Principles of Real Estate Practice, which is in use in real estate schools nationwide.The text is tailored to the needs of the pre-license student. It is designed to make it easy for students to learn the material and pass their real estate examprepare students for numerous career applicationsstress practical, rather than theoretical, skills and knowledge.Principles of Real Estate Practice in Michigan is streamlined, direct and to-the-point. It includes multiple learning reinforcements. It has a student-oriented organization, both within each chapter and from chapter to chapter. Its examples and exercises are grounded in the authors’ many years in real estate education. Table of ContentsThe Real Estate BusinessRights in Real Estate Interests and EstatesOwnershipEncumbrances and LiensTransferring and Recording Title to Real Estate Leasing Essentials Land Use Planning and ControlLegal DescriptionsFundamentals of Contract LawNational Agency Listing Agreements: An OverviewGeneral Brokerage PracticesOverview of Conveyance ContractsReal Estate Market Economics Appraising and Estimating Market ValueReal Estate Finance Real Estate Investment Real Estate Taxation Professional PracticesClosingsOverview of Licensing and RegulationRisk ManagementProperty ManagementMichigan Licensing RegulationRules Governing LicenseesContractual RelationshipsHousing RegulationsProperty-Related DisclosuresOther Points of Law and PracticeGlossary of Residential Style and Construction TermsGlossary of General Real Estate TermsIndexFor students looking for a Michigan-specific exam prep book, please check out our Michigan Real Estate License Exam Prep page.