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This well-known and respected text by Jacobus provides current and authoritative coverage of modern real estate practice in Texas. All the core topics of real estate Principles I and II are covered including recent Texas legislature changes and updates to the Real Estate License Act. In addition, users will learn about land descriptions, rights and interests, fair housing, taxes, leases, condominiums, zoning, licensing and the use of technology in real estate. Abundant real-world examples and "Putting It to Work" feature throughout highlight actual practice of real estate in Texas bringing the theory and concepts alive.
PRINCIPLES I. 1. Introduction to Real Estate. 2. Nature and Description of Real Estate. 3. Rights and Interests in Land. 4. Forms of Ownership. 5. Transferring Title. 6. Recordation, Abstracts and Title Insurance. 7. Contract Law. 8. Real Estate Sales Contracts. 9. Mortgage Theory and Law. 10. Lending Practices. 11. The Loan and the Consumer. PRINCIPLES II. 12. Sources of Financing. 13. Types of Financing. 14. Taxes and Assessments. 15. Title Closing and Escrow. 16. Real Estate Leases. 17. Real Estate Appraisal. 18. Licensing Laws and Professional Affiliation. 19. The Principal-Broker Relationship: Employment. 20. The Principal-Broker Relationship: Agency. 21. Fair Housing, ADA, Equal Credit and Community Reinvestment. 22. Condominiums, Cooperatives, Puds and Timeshares. 23. Land-Use Control. 24. Investing in Real Estate. Appendix A: The Real Estate License Act. Appendix B: Canons/Texas Real Estate Commission. Appendix C: Real Estate Math Review. Appendix D: Practice Exam 1. Appendix E: Practice Exam 2. Appendix F: Answer Key. Glossary. Index.