Principles of Real Estate Practice in Michigan contains the essentials of the national and Michigan real estate law, principles, and practices necessary for basic competence as a real estate professional and as mandated by Michigan license law. It is based on our highly successful and popular national publication, Principles of Real Estate Practice, which is in use in real estate schools nationwide.

The text is tailored to the needs of the pre-license student. It is designed to

make it easy for students to learn the material and pass their real estate exam
prepare students for numerous career applications
stress practical, rather than theoretical, skills and knowledge.

Table of Contents

The Real Estate Business
Rights in Real Estate
Interests and Estates
Ownership
Encumbrances and Liens
Transferring and Recording Title to Real Estate
Leasing Essentials
Land Use Planning and Control
Legal Descriptions
Fundamentals of Contract Law
National Agency
Listing Agreements: An Overview
General Brokerage Practices
Overview of Conveyance Contracts
Real Estate Market Economics
Appraising and Estimating Market Value
Real Estate Finance
Real Estate Investment
Real Estate Taxation
Professional Practices
Closings
Overview of Licensing and Regulation
Risk Management
Property Management
Michigan Licensing Regulation
Rules Governing Licensees
Contractual Relationships
Housing Regulations
Property-Related Disclosures
Other Points of Law and Practice
Glossary of Residential Style and Construction Terms
Glossary of General Real Estate Terms
Index