Emphasizing the basic concepts and principles of real estate, this textbook provides an overview of the industry as it exists today. Chapters cover topics like: recordation, abstracts, and title insurance; contract law; sales contracts; mortgage and note; deed of trust; lending practices; the loan and the consumer; sources of financing; types of financing; taxes and assessments; title closing and escrow; leases; appraisal; licensing laws and professional affiliation; the principal-broker relationship; fair hosing, ADA, equal credit, and community reinvestment; condominiums, cooperatives, PUDs, and timeshares; property insurance; land-use control; real estate and the economy; and investing. Jacobus is a lawyer specializing in residential and commercial real estate law. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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One of the most popular real estate prelicensing texts on the market! Completely updated, this best-selling principles book introduces the fundamentals of Real Estate unlike any other providing the user with a solid understanding of the real estate industry. Jacobus uses a readable yet authoritative approach making it a user-friendly resource for acquiring the knowledge to pass the licensing exam. As always, Jacobus highlights new and expanding concepts in the field of real estate while continually reinforcing the more stable concepts that have been the cornerstone of American real estate ownership. Key chapters dealing with the financial aspects of real estate now include new information based on current changes and trends in the marketplace -- Lending Practices, The Loan and the Consumer, Sources of Financing, and Types of Financing - essential for understanding the industry.
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