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9781475434033
Mastering Real Estate Principles available in Paperback
- ISBN-10:
- 1475434030
- ISBN-13:
- 9781475434033
- Pub. Date:
- 11/28/2016
- Publisher:
- Kaplan Publishing
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Overview
Reaching beyond the format of traditional prelicensing texts, Mastering Real Estate Principles provides a complete, interactive learning experience by offering a combination of narrative text, examples, section-ending exercises, hints, tips, and chapter notes.
Product Details
ISBN-13: | 9781475434033 |
---|---|
Publisher: | Kaplan Publishing |
Publication date: | 11/28/2016 |
Edition description: | New Edition |
Product dimensions: | 6.00(w) x 1.25(h) x 9.00(d) |
Table of Contents
About the Author | xv | |
Preface | xvii | |
Introduction | xviii | |
Unit I | Introduction to Real Estate | |
Chapter 1 | Introduction to Real Estate | 3 |
Section 1 | The Real Estate Business | 4 |
Section 2 | Classes and Characteristics of Real Estate | 8 |
Section 3 | The Real Estate Market | 12 |
Chapter 2 | Real Estate Concepts | 18 |
Section 1 | Basic Concepts and Background of Real Estate Law | 19 |
Section 2 | Real and Personal Property | 23 |
Unit I Diagnostic Test | 29 | |
Unit II | Real Estate Law | |
Chapter 3 | Government Powers | 37 |
Section 1 | Police Powers | 39 |
Section 2 | Other Government Powers | 44 |
Section 3 | Environmental Considerations Affecting Real Estate | 46 |
Chapter 4 | Encumbrances | 53 |
Section 1 | General Notes on Encumbrances and Easements | 54 |
Section 2 | Types of Easements | 60 |
Chapter 5 | Encumbrances: Liens | 66 |
Section 1 | General Notes on Liens | 67 |
Section 2 | Real Estate Tax Liens | 70 |
Section 3 | Liens Other than Real Estate Taxes | 77 |
Chapter 6 | Legal Descriptions | 82 |
Section 1 | Metes-and-Bounds Method | 83 |
Section 2 | Rectangular Survey System | 87 |
Section 3 | Plat-of-Survey Method and Measuring Elevations | 92 |
Unit II Diagnostic Test | 96 | |
Unit III | Real Estate Ownership | |
Chapter 7 | Freehold Interests in Real Estate | 105 |
Section 1 | Fee Simple and Defeasible Freehold Estates | 106 |
Section 2 | Life Estates | 110 |
Section 3 | Water Rights | 113 |
Chapter 8 | Leasehold Estates in Real Estate | 117 |
Section 1 | Types of Leasehold Estates | 118 |
Section 2 | Types of Lease Agreements | 121 |
Section 3 | Lease Characteristics | 125 |
Chapter 9 | Forms of Ownership | 131 |
Section 1 | Severalty and Co-Ownership | 133 |
Section 2 | Forms Commonly Used by Business | 138 |
Section 3 | Other Forms of Ownership | 141 |
Unit III Diagnostic Test | 148 | |
Unit IV | Transferring Real Estate | |
Chapter 10 | Transferring Title | 157 |
Section 1 | Methods of Transferring Title to Real Estate | 159 |
Section 2 | Types of Deeds | 164 |
Section 3 | Parts of a Deed | 169 |
Chapter 11 | Recording Title | 174 |
Section 1 | Public Records and Recording | 175 |
Section 2 | Evidences of Title | 178 |
Section 3 | Title Insurance | 180 |
Chapter 12 | Real Estate Closings | 185 |
Section 1 | The Closing Process and RESPA | 187 |
Section 2 | The Closing Statement and Prorations | 192 |
Section 3 | Preparation of a Closing Statement | 199 |
Unit IV Diagnostic Test | 206 | |
Unit V | Real Estate Brokerage | |
Chapter 13 | Agency and Real Estate Brokerage | 215 |
Section 1 | Defining Agency Relationships | 217 |
Section 2 | Principal and Agent Duties | 222 |
Section 3 | The Broker-Principal Relationship | 229 |
Chapter 14 | Real Estate Contracts | 237 |
Section 1 | General Contract Concepts | 239 |
Section 2 | The Required Elements of a Contract | 245 |
Section 3 | Ending the Contract | 249 |
Chapter 15 | Listing Agreements | 254 |
Section 1 | Types of Listing Agreements | 255 |
Section 2 | Creating and Terminating Listings | 258 |
Chapter 16 | Real Estate Licensing Laws | 264 |
Section 1 | Administration of Licensing Laws | 265 |
Section 2 | Licensing Requirements | 269 |
Chapter 17 | Fair Housing Laws | 273 |
Section 1 | Illegal Practices and Fair Housing Acts | 274 |
Section 2 | The Fair Housing Act of 1968 | 278 |
Section 3 | Enforcement of the Fair Housing Laws | 283 |
Unit V Diagnostic Test | 289 | |
Unit VI | Real Estate Valuation | |
Chapter 18 | The Appraisal Process | 299 |
Section 1 | The Concept of Value | 300 |
Section 2 | Principles of Value | 303 |
Section 3 | Appraisal Procedures | 306 |
Chapter 19 | Methods of Estimating Value | 314 |
Section 1 | The Sales Comparison Approach | 315 |
Section 2 | The Cost Approach | 319 |
Section 3 | The Income Approach | 324 |
Section 4 | Gross Rent and Gross Income Multipliers | 327 |
Unit VI Diagnostic Test | 332 | |
Unit VII | Real Estate Finance | |
Chapter 20 | Loan Instruments | 341 |
Section 1 | Types of Loan Instruments | 342 |
Section 2 | The Mortgage | 346 |
Chapter 21 | Lending Practices | 349 |
Section 1 | The Loan Process | 351 |
Section 2 | Providers of Mortgage Money | 356 |
Section 3 | Foreclosure and Redemption | 361 |
Chapter 22 | Types of Real Estate Loans | 366 |
Section 1 | Mortgage Plans | 367 |
Section 2 | Government Insured and Guaranteed Loans | 377 |
Chapter 23 | Lending Laws and Government Activities | 383 |
Section 1 | Government Activities | 384 |
Section 2 | Laws Affecting Lending | 387 |
Section 3 | Bank Reporting Acts | 391 |
Unit VII Diagnostic Test | 394 | |
Unit VIII | Specialty Topcs | |
Chapter 24 | Property Management | 403 |
Section 1 | Property Management Objectives and Activities | 404 |
Section 2 | The Property Management Agreement and Professional Organizations | 409 |
Section 3 | Homeowner's Insurance Policies | 411 |
Chapter 25 | Tax Advantages of Home Ownership | 419 |
Section 1 | Income Tax: Homeowners Deductions | 420 |
Section 2 | Income Tax: Excluding Capital Gain on Home Sale | 422 |
Chapter 26 | Real Estate Investments | 427 |
Section 1 | Terminology, Advantages, and Disadvantages of Real Estate Investments | 429 |
Section 2 | Tax Rules and Real Estate Investments | 432 |
Section 3 | Investment Types | 437 |
Unit VIII Diagnostic Test | 441 | |
Study Tool Kit | ||
Summary of Hints and Tips | 449 | |
List of Real Estate Abbreviations | 454 | |
Summary of Laws Affecting Real Estate | 456 | |
Real Estate Internet Sites | 461 | |
State Licensing Agencies | 464 | |
Construction Basics | 467 | |
Real Estate Math Review | 478 | |
Math Review Practice Exercises | 492 | |
Solutions to the Math Review Exercises | 495 | |
Flash Cards | 497 | |
Comprehensive Practice Examinations | 543 | |
Examination 1 | 546 | |
Examination 2 | 555 | |
Diagnostic Worksheets and Solutions to Unit Diagnostic Tests | 564 | |
Solutions to Comprehensive Tests | 592 | |
Glossary | 598 | |
Index | 620 |
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