Principles of Real Estate Practice in Michigan

Summary

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 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


• Leasing Essentials


• Land Use Planning and Control


• Legal Descriptions


• Fundamentals of Contract Law


• National Agency


• Listing Agreements: An Overview


• General Brokerage Practices


• Overview of Conveyance Contracts


• Real Estate Market Economics


• Appraising and Estimating Market Value


• Real Estate Finance


• Real Estate Investment


• Real Estate Taxation


• Professional Practices


• Closings


• Overview of Licensing and Regulation


• Risk Management


• Property Management


• Michigan Licensing Regulation


• Rules Governing Licensees


• Contractual Relationships


• Housing Regulations


• Property-Related Disclosures


• Other Points of Law and Practice


• Glossary of Residential Style and Construction Terms


• Glossary of General Real Estate Terms


• Index