Real Estate Principles and Practices - Hardcover

The sixth edition of this successful text provides complete coverage of both residential and commercial real estate and is one of the few published books to discuss the environment. Its thorough and current treatment of topics such as licensing, financing, underwriting guidelines. and loan assumption rules makes it suitable for students or practicing professionals. Comprehensive yet accessible, the text offers a variety of pedagogical features and easy reference aids such as chapter outlines and summaries, boxed material, discussion questions, numerous problems, worked examples, lists of key terms, and a thorough glossary.

Key Benefit: Comprehensive, yet accessible, this introduction to both residential and commercial real estate explores the full range of topics -- from land and its legal descriptions, to rights and interests, contract law and real estate contracts, title transfer, deeds, and recordation, leases, the mortgage market, instruments of finance, taxes and liens, land use planning and zoning, home ownership, real property insurance, brokerage, marketing real estate, federal regulations, state licensing, and ethics, the transaction from offer to closing, conveyancing, subdivision, development, and construction, appraisal and value, property management, and real estate investments. Key Topics: The Sixth Edition features up-to-date coverage on loan guidelines for conventional, F.H.A., and V.A. loans (with qualifying worksheets); V.A. loan eligibility and discount points; various financing techniques, including buy-downs, home equity loans, and two-step mortgages; and a current list of licensing and certification requirements for appraisers.