California Real Estate Principles

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Overview

Comprehensive, detailed, and substantive -- yet accessible -- this survey of basic real estate principles is designed to prepare readers for the California Real Estate Sales Exam -- and to provide consumer data for their own real estate use. Includes a complete 150-question practice final examination — with answers and test-taking hints -- similar in format and content to the actual exam. Covers topics such as Legal Description, Method of Acquiring Title, and Deeds; Estates and Methods of Holding Title; Encumbrances, Liens, and Homesteads; Real Estate Agency; Real Estate Contracts; Practical Real Estate Mathematics; Introduction to Real Estate Finance; Real Estate Lenders; FHA, VA, CAL-VET Loans, and the Secondary Mortgage Market; Real Estate Appraisal; The Role of Escrow and Title Insurance Companies; Landlord and Tenant Relations; Land-Use Planning, Subdivisions, and Other Public Controls; Introduction to Taxation; Single-Family Homes and Mobile Homes; and A Career in Real Estate. Incorporates up-to-date real estate finance changes. Discusses real estate applications of the 1997 Tax Payer's Relief Act. Provides the latest update on requirements for the real estate license in California. For those preparing for the California Real Estate License Exam and for anyone interested in consumer data for their own real estate use.
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Product Details

  • ISBN-13: 9780471017295
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 1/1/1981
  • Pages: 340

Meet the Author

Dennis J. McKenzie, MBA, MA Economics, was an instructor in Real Estate and Economics, College of the Redwoods. He was formerly senior faculty in real estate, University of Southern California, College of Continuing Education. McKenzie was a REALTOR?, a GRI, and a faculty member of the REALTORS? Institute. He also served as an educational consultant for the California Department of Real Estate and was a past recipient of the Teacher of the Year award granted by the California Real Estate Educators Association.

Mary Ellen Brady has been a successful California real estate broker and real estate salesperson for nearly twenty years. She is the owner of her own real estate company in addition to being the Real Estate Department Chair at Cerritos College. In 1993, 1996 and 1997, Ms. Brady was named the REALTOR? of the Year from the Southeast Chapter of the Women's Council of REALTORS? then went on to serve as their President in 1997. She then functioned as Presidents and Chairs for many prestigious boards throughout the years. She received the impressive Norm Wurst Award for her contributions to Real Estate Education from the California Real Estate Educator's Association in 2007. In addition to obtaining her Graduate REALTOR Institute (GRI), Mary Ellen has also acquired her e-PRO, NAHREP Certified Professional and Senior Real Estate Specialist (SRES) designations. She has participated in Negotiation and Mediation Training in association with the Pepperdine University School of Law, Straus Institute for Dispute Resolution.

Edwin Estes Jr., Esq. received his Bachelor of Arts degree from the University of Southern California and his Juris Doctorate degree from Pepperdine University School of Law. A real estate licensee since 1976, he received his California Broker's license in 1984 and has been a member of the California State Bar since 1983. Since that time he has been active in real estate brokerage management, counseling, development and investment brokerage. He is a former arbitrator for the American Arbitration Association and has served as a Judge Pro Tem for the Superior Court. Professor Estes has been teaching Graduate REALTORS Institute (GRI) classes as a Master Instructor for the California Association of REALTORS since 1991. In addition to obtaining the real estate designations of Certified Commercial Investment Member (CCIM), Certified Real Estate Brokerage Manager (CRB), Graduate REALTORS Institute (GRI), Accredited Buyer Representative (ABR), Accredited Buyer Representative Manager (ABRM), e-PRO and Senior Real Estate Specialist (SRES), he is also an accomplished community college instructor, and serves as the Real Estate Program Coordinator for Mt. San Antonio College.

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Table of Contents

Preface
Ch. 1 Introduction to Real Estate 1
Ch. 2 Part I: Legal Description, Method of Acquiring Title, and Deeds 16
Ch. 2 Part II: Estates and Methods of Holding Title 46
Ch. 3 Encumbrances, Liens, and Homesteads 60
Ch. 4 Real Estate Agency 80
Ch. 5 Real Estate Contracts 101
Ch. 6 Practical Real Estate Mathematics 133
Ch. 7 Introduction to Real Estate Finance 159
Ch. 8 Part I: Real Estate Lenders 189
Ch. 8 Part II: FHA, VA, CAL-VET Loans, and the Secondary Mortgage Market 203
Ch. 9 Real Estate Appraisal 221
Ch. 10 The Role of Escrow and Title Insurance Companies 247
Ch. 11 Landlord and Tenant Relations 268
Ch. 12 Land-use Planning, Subdivisions, and other Public Controls 288
Ch. 13 Introduction to Taxation 309
Ch. 14 Single-Family Homes and Mobile Homes 327
Ch. 15 A Career in Real Estate 344
Practice Examination 376
Answers to Practice Examination 401
Answers to Practical Application Questions 404
Answers to Reviewing your Understanding Questions 412
Glossary 414
Index 455
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Customer Reviews

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  • Anonymous

    Posted February 4, 2012

    Good Book!

    I am using this to study for my DRE Exam and for my R.E. classes at college. I'm only 18 so this helps so much because I didn't know anything till I read this book! Super helpful for those studying or new to the R.E. Business. Loan types, exceptions, laws, house types, everything you need to know to prepare you. Useful diagrams and picture b/c I'm kinda a visual learner. Overall good book:)

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted May 10, 2012

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    Posted February 6, 2013

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