California Real Estate Principles

by Stapleton, Charles O.; Williams, Martha R.

• ISBN13: 9780793142033
• ISBN10: 0793142032
• Format: Paperback
• Copyright: 2001-04-01
• Publisher: Dearborn Trade Pub

Summary

Combining the latest state specific information with solid industry fundamentals, this user friendly text gives students a strong foundation for a career in real estate. "California Real Estate Principles comes loading with instructor resources and extra features to enchance the student learning experience and make teaching the class easier than ever. This new fifth edition has been updated for 2004. Chapters include:
Introduction
Part 1: Teaching Outlines
* Chapter 1 The Business of Real Estate
* Chapter 2 The Nature of Real Property
* Chapter 3 Ownership of Real Property
* Chapter 4 Transferring Real Estate
* Chapter 5 Encumbrances
* Chapter 6 The Law of Agency
* Chapter 7 Contracts
* Chapter 8 Financing Real Estate
* Chapter 9 Government-Sponsored and Other Financing
* Chapter 10 Escrow and Title Insurance
* Chapter 11 Real Estate Taxation
* Chapter 12 Landlord and Tenant
* Chapter 13 Real Estate Appraising
* Chapter 14 Residential Design and Construction
* Chapter 15 Government Control of Land Use
Part 2: Chapter Quizzes and Exams, including a Math Appendix Quiz (you need a PIN number to access this file)
* Chapter Midterm Exams (you need a PIN number to access this file) and Comprehensive Chapter Exam.
Part 3: Answer Keys
* Answer Keys for All Quizzes and Exams (you need a PIN number to access this file)
Part 4: PowerPoint Slides

Table of Contents

Preface	vii
Acknowledgments	viii
The Business of Real Estate	1	(33)
The Real Estate Law	1	(3)
Real Estate Brokerage	4	(2)
Activities of a Real Estate Broker	6	(5)
Business Opportunity Brokerage	11	(2)
Prepaid Rental Listing Service License	13	(1)
Exemptions From Real Estate Licensing Requirements	14	(1)
Real Estate Licensing Requirements	14	(5)
Enforcement of the Real Estate Law	19	(4)
Licensee Conduct	23	(3)
Other Activities of the Department of Real Estate	26	(1)
Professional Associations	26	(2)
Summary	28	(2)
Important Terms	30	(1)
Open for Discussion	30	(1)
Achievement Examination 1	31	(3)
The Nature of Real Property	34	(23)
Historical Perspective	34	(4)
Real Property and Personal Property	38	(6)
Land Description	44	(8)
Summary	52	(2)
Important Terms	54	(1)
Open for Discussion	54	(1)
Achievement Examination 2	55	(2)
Ownership of Real Property	57	(19)
Estates in Land	57	(3)
Taking Title to Real Estate	60	(6)
Business Ownership of Real Estate	66	(6)
Summary	72	(1)
Important Terms	73	(1)
Open for Discussion	73	(1)
Achievement Examination 3	74	(2)
Transferring Real Estate	76	(24)
How Real Estate May Be Acquired	76	(12)
Deeds	88	(7)
Summary	95	(2)
Important Terms	97	(1)
Open for Discussion	97	(1)
Achievement Examination 4	98	(2)
Encumbrances	100	(24)
Encumbrances to Real Estate	100	(1)
Liens	101	(5)
Bankruptcy	106	(1)
Easements	106	(6)
Restrictions	112	(4)
Encroachments	116	(1)
Homesteads	116	(3)
Summary	119	(2)
Important Terms	121	(1)
Open for Discussion	121	(1)
Achievement Examination 5	122	(2)
The Law of Agency	124	(41)
The Concept of Agency	124	(10)
How an Agency Relationship is Created	134	(2)
Agency Agreements	136	(11)
Rights and Duties of Principal and Agent	147	(12)
Termination of an Agency	159	(1)
Summary	160	(2)
Important Terms	162	(1)
Open for Discussion	162	(1)
Achievement Examination 6	163	(2)
Contracts	165	(44)
What is a Contract?	165	(2)
Elements of a Contract	167	(8)
Discharging a Contract	175	(4)
Real Estate Contracts	179	(26)
Summary	205	(1)
Important Terms	206	(1)
Open for Discussion	206	(1)
Achievement Examination 7	207	(2)
Financing Real Estate	209	(40)
Purposes of Financing Real Estate	209	(1)
Cost of Credit	210	(5)
Real Estate as Security	215	(14)
Real Estate Lenders-The Primary Mortgage Market	229	(10)
Federal Disclosure Requirements	239	(3)
Other Loan Considerations	242	(2)
Summary	244	(1)
Important Terms	245	(1)
Open for Discussion	246	(1)
Achievement Examination 8	247	(2)
Government-Sponsored and Other Financing	249	(21)
Government-Sponsored Financing	249	(11)
Creative Financing	260	(2)
The Secondary Mortgage Market	262	(4)
Summary	266	(1)
Important Terms	267	(1)
Open for Discussion	267	(1)
Achievement Examination 9	268	(2)
Escrow and Title Insurance	270	(28)
Escrow	270	(6)
Escrow Procedures	276	(11)
Title Insurance	287	(7)
Summary	294	(1)
Important Terms	295	(1)
Open for Discussion	295	(1)
Achievement Examination 10	296	(2)
Real Estate Taxation	298	(25)
Property Taxation	298	(13)
Federal Income Taxes	311	(6)
State Income Tax	317	(1)
Summary	318	(2)
Important Terms	320	(1)
Open for Discussion	320	(1)
Achievement Examination 11	321	(2)
Landlord and Tenant	323	(34)
The Leashold	323	(21)
Mobile-Home Tenancies	344	(1)
Other Lease Arrangements	345	(2)
Property Management	347	(4)
Rent Control	351	(1)
Summary	352	(2)
Important Terms	354	(1)
Open for Discussion	354	(1)
Achievement Examination 12	355	(2)
Real Estate Appraising	357	(30)
Appraiser Licensing	357	(2)
What is a Real Estate Appraisal?	359	(5)
The Appraisal Process	364	(3)
Sales Comparison Approach	367	(3)
Cost Approach	370	(5)
Income Capitalization Approach	375	(3)
Reconciliation and the Appraisal Report	378	(5)
Summary	383	(1)
Important Terms	384	(1)
Open for Discussion	384	(1)
Achievement Examination 13	385	(2)
Residential Design and Construction	387	(26)
Building Construction Standards	387	(3)
Architecture	390	(5)
Design and Function	395	(2)
Construction Components	397	(10)
Manufactured Homes	407	(2)
Summary	409	(1)
Important Terms	409	(1)
Open for Discussion	410	(1)
Achievement Examination 14	411	(2)
Government Control of Land Use	413	(23)
Land-Use Regulations	413	(7)
Subdivisions	420	(8)
Fair Housing Laws	428	(3)
Summary	431	(2)
Important Terms	433	(1)
Open for Discussion	433	(1)
Achievement Examination 15	434	(2)
Math Appendix	436	(10)
Dollars and Decimals	436	(2)
Interest and Loan Finance Problems	438	(3)
Area	441	(3)
Summary	444	(1)
Math Achievement Examination	445	(1)
Internet Appendix	446	(3)
Glossary	449	(17)
Answer Key	466	(17)
Index	483