California Real Estate Principles
by Stapleton, Charles O.; Williams, Martha R.Edition: 5th
Format: Paperback
Pub. Date: 2004-03-01
Publisher(s): Dearborn Trade Pub
Other versions by this Author
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Summary
Completely revised and thoroughly comprehensive, this is the brand new edition of the state's premier real estate licensing manual! Ideal for home study or classroom, for the prospective real estate broker or salesperson, for anyone seeking a solid foundation for building or maintaining a successful career! Book jacket.
Table of Contents
| Preface | p. vii |
| Acknowledgments | p. viii |
| The Business of Real Estate | p. 1 |
| The Real Estate Law | p. 1 |
| Real Estate Brokerage | p. 3 |
| Activities of a Real Estate Broker | p. 8 |
| Business Opportunity Brokerage | p. 10 |
| Prepaid Rental Listing Service License | p. 11 |
| Exemptions from Real Estate Licensing Requirements | p. 12 |
| Real Estate Licensing Requirements | p. 13 |
| Enforcement of the Real Estate Law | p. 17 |
| Licensee Conduct | p. 23 |
| Other Activities of the Department of Real Estate | p. 23 |
| Professional Associations | p. 24 |
| Summary | p. 26 |
| Important Terms | p. 27 |
| Achievement Examination 1 | p. 28 |
| The Nature of Real Property | p. 31 |
| Historical Perspective | p. 31 |
| Real Property and Personal Property | p. 34 |
| Land Description | p. 40 |
| Summary | p. 49 |
| Important Terms | p. 50 |
| Achievement Examination 2 | p. 51 |
| Ownership of Real Property | p. 53 |
| Estates in Land | p. 53 |
| Taking Title to Real Estate | p. 56 |
| Business Ownership of Real Estate | p. 62 |
| Summary | p. 66 |
| Important Terms | p. 67 |
| Achievement Examination 3 | p. 68 |
| Transferring Real Estate | p. 70 |
| How Real Estate may be Acquired | p. 70 |
| Deeds | p. 82 |
| Summary | p. 89 |
| Important Terms | p. 90 |
| Achievement Examination 4 | p. 91 |
| Encumbrances | p. 93 |
| Encumbrances to Real Estate | p. 93 |
| Liens | p. 94 |
| Bankruptcy | p. 99 |
| Easements | p. 99 |
| Restrictions | p. 104 |
| Encroachments | p. 108 |
| Homesteads | p. 109 |
| Summary | p. 112 |
| Important Terms | p. 113 |
| Achievement Examination 5 | p. 114 |
| The Law of Agency | p. 116 |
| The Concept of Agency | p. 116 |
| How an Agency Relationship is Created | p. 125 |
| Agency Agreements | p. 127 |
| Rights and Duties of Principal and Agent | p. 137 |
| Termination of an Agency | p. 148 |
| Summary | p. 149 |
| Important Terms | p. 151 |
| Achievement Examination 6 | p. 152 |
| Contracts | p. 154 |
| What is a Contract? | p. 154 |
| Elements of a Contract | p. 156 |
| Discharging a Contract | p. 164 |
| Real Estate Contracts | p. 167 |
| Summary | p. 186 |
| Important Terms | p. 188 |
| Achievement Examination 7 | p. 189 |
| Financing Real Estate | p. 191 |
| Purposes of Financing Real Estate | p. 191 |
| Cost of Credit | p. 192 |
| Real Estate as Security | p. 197 |
| Real Estate Lenderscthe Primary Mortgage Market | p. 211 |
| Federal Disclosure Requirements | p. 221 |
| Other Loan Considerations | p. 224 |
| Summary | p. 226 |
| Important Terms | p. 228 |
| Achievement Examination 8 | p. 229 |
| Government-Sponsored and Other Financing | p. 231 |
| Government-Sponsored Financing | p. 231 |
| Creative Financing | p. 241 |
| The Secondary Mortgage Market | p. 244 |
| Summary | p. 246 |
| Important Terms | p. 247 |
| Achievement Examination 9 | p. 248 |
| Escrow and Title Insurance | p. 250 |
| Escrow | p. 250 |
| Escrow Procedures | p. 256 |
| Title Insurance | p. 267 |
| Summary | p. 274 |
| Important Terms | p. 275 |
| Achievement Examination 10 | p. 276 |
| Real Estate Taxation | p. 278 |
| Property Taxation | p. 278 |
| Federal Income Taxes | p. 291 |
| State Income Tax | p. 297 |
| Summary | p. 298 |
| Important Terms | p. 299 |
| Achievement Examination 11 | p. 300 |
| Landlord and Tenant | p. 302 |
| The Leashold | p. 302 |
| Mobile-Home Tenancies | p. 323 |
| Other Lease Arrangements | p. 324 |
| Property Management | p. 326 |
| Rent Control | p. 330 |
| Summary | p. 331 |
| Important Terms | p. 333 |
| Achievement Examination | p. 334 |
| Real Estate Appraising | p. 336 |
| Appraiser Licensing | p. 336 |
| What is a Real Estate Appraisal? | p. 338 |
| The Appraisal Process | p. 343 |
| Sales Comparison Approach | p. 346 |
| Cost Approach | p. 349 |
| Income Capitalization Approach | p. 354 |
| Reconciliation and the Appraisal Report | p. 357 |
| Summary | p. 362 |
| Important Terms | p. 363 |
| Achievement Examination 13 | p. 364 |
| Residential Design and Construction | p. 366 |
| Building Construction Standards | p. 366 |
| Architecture | p. 369 |
| Design and Function | p. 373 |
| Construction Components | p. 375 |
| Manufactured Homes | p. 385 |
| Summary | p. 386 |
| Important Terms | p. 387 |
| Achievement Examination 14 | p. 388 |
| Government Control and Land Use | p. 390 |
| Land-Use Regulations | p. 390 |
| Subdivisions | p. 395 |
| Fair Housing Laws | p. 405 |
| Summary | p. 408 |
| Important Terms | p. 409 |
| Achievement Examination 15 | p. 410 |
| Math Appendix | p. 412 |
| Decimals | p. 412 |
| Interest and Loan Finance Problems | p. 415 |
| Area | p. 418 |
| Summary | p. 422 |
| Math Achievement Examination | p. 423 |
| Internet Appendix | p. 424 |
| Glossary | p. 426 |
| Answer Key | p. 444 |
| Index | p. 458 |
| Table of Contents provided by Syndetics. All Rights Reserved. |
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