Michigan Real Estate: Principles and Practices / Edition 5

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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.

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Product Details

  • ISBN-13: 9780324784619
  • Publisher: Cengage Learning
  • Publication date: 7/20/2009
  • Edition description: Fifth
  • Edition number: 5
  • Pages: 448
  • Product dimensions: 8.40 (w) x 10.80 (h) x 1.10 (d)

Meet the Author

Licensed since 1970; started teaching in 1982; named 1994 Instructor of the Year for the State of Michigan by the Real Estate Alumni of Michigan; Director of Member Services for Macomb County Association of Realtors from 1989 to 1995 (duties included managing the school and teaching all classes); Current President, Great Lakes Chapter Real Estate Educators Association; Owner/President, The Real Estate Education Center, Inc. (in business since 1995); taught over 25,000 students.

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Table of Contents

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.

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