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This popular text covers the latest Michigan real estate laws, rule and practices in addition to the recent changes and requirement in the mortgage industry. Each chapter ends with summary points and quizzes to strengthen student comprehension and success on the license exam. Using a workbook style that allows users to practice completing forms and taking exams, Michigan Real Estate: Principles and Practices fully prepares an individual to pass the Michigan Real Estate Exam.
1. Introduction to Real Estate Principles. 2. Property Ownership and Interests. 3. Michigan License Laws and Rules. 4. Fair Housing. 5. Brokerage and Agency. 6. Real Estate Contracts. 7. Transfer of Title to Real Property. 8. Real Estate Finance Principles. 9. Real Estate Finance Practices and Closing Transactions. 10. Property Valuation. 11. Land Use Controls. 12. Encumbrances, Government Restrictions and Appurtenances. 13. Leasehold Estates. 14. Property Management and Insurance. 15. Federal Income Taxation and Basic Principles of Real Estate Investment. 16. Real Estate Math. Appendix A. Guide to Common Real Estate Environmental Hazards. Appendix B. Protect Your Family from Lead in Your Home. Appendix C. Enrolled Senate Bill No. 513. Appendix D. Michigan Appraisal Law. Appendix E. Michigan Builders Law. Appendix F. Practice Exam. Appendix G. Answer Key to Chapter-end Review Questions. Glossary. Index.