Principles of Real Estate Practice in Michigan

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.

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 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
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