Principles of Real Estate Practice in Texas
2nd Edition
1st Edition
Published on 19. April 2021
624 pages
978-1-0879-6315-0 (ISBN)
Description
Principles of Real Estate Practice in Texas contains the essentials of the national and Texas real estate law, principles, and practices necessary for basic competence as a real estate professional and as mandated by Texas license law for Principles I & II. 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.
Principles of Real Estate Practice in Texas is streamlined, direct and to-the-point. It includes multiple learning reinforcements. It has a student-oriented organization, both within each chapter and from chapter to chapter. Its examples and exercises are grounded in the authors' many years in real estate education.
For students looking for a Texas-specific exam prep book, we also publish Texas Real Estate License Exam Prep.
More details
Content
- Intro
- PREFACE
- About the text
- Inside the cover
- About the authors
- Principles I
- 1: The Real Estate Business
- 1
- The Real Estate Business
- REAL ESTATE PROFESSIONS
- Real estate activities
- Professional specialties
- Property type specialization
- REAL ESTATE BROKERAGE
- Forms of specialization
- PROFESSIONAL ORGANIZATIONS
- REGULATION AND LICENSING
- Regulation of business practices
- Real estate license laws
- 2: Concepts of Home Ownership
- 2
- Concepts of Home Ownership
- HOME OWNERSHIP
- Advantages of ownership
- Responsibilities and disadvantages
- Housing types
- Desirability features
- TAX BENEFITS
- Income tax deductions
- Capital gains exclusion
- INSURANCE
- Homeowner's policies
- Other insurance
- AFFORDABILITY
- Pricing and expenses
- Mortgages
- Qualifying
- 3: Rights in Real Estate
- 3
- Rights in Real Estate
- REAL ESTATE AS PROPERTY
- Land
- Real estate
- Property
- Real property rights
- Water rights
- REAL VERSUS PERSONAL PROPERTY
- Fixtures
- Differentiation criteria
- Trade fixtures
- Emblements
- Factory-built housing
- Conversion
- REGULATION OF REAL PROPERTY INTERESTS
- Areas of regulation
- Federal regulation
- State regulation
- Local regulation
- Judicial regulation
- 4: Interests and Estates
- 4
- Interests and Estates
- INTERESTS AND ESTATES IN LAND
- Interests
- Estates in land
- FREEHOLD ESTATES
- Fee simple estate
- Life estate
- Conventional life estate
- Legal life estate
- LEASEHOLD ESTATES
- Estate for years
- Estate from period-to-period
- Estate at will
- Estate at sufferance
- 5: Ownership
- 5
- Ownership
- SOLE OWNERSHIP
- Tenancy in severalty
- CO-OWNERSHIP
- Tenancy in common
- Joint tenancy
- Tenancy by the entireties
- Community property
- Tenancy in partnership
- ESTATES IN TRUST
- Living trust
- Land trust
- OWNERSHIP BY BUSINESS ENTITIES
- Corporation
- Partnership
- Limited liability company
- CONDOMINIUMS
- Airspace and common elements
- Interests and rights
- Condominium creation
- Organization and management
- Owner responsibilities
- COOPERATIVES
- Interests, rights and obligations
- Organization and management
- TIME-SHARES
- Time-share lease
- Time-share freehold
- Regulation
- 6: Encumbrances and Liens
- 6
- Encumbrances and Liens
- ENCUMBRANCES
- EASEMENTS
- Easement appurtenant
- Easement in gross
- Easement creation
- Easement termination
- ENCROACHMENTS
- LICENSES
- DEED RESTRICTIONS
- LIENS
- Lien types
- Lien priority
- Superior liens
- Junior liens
- FORECLOSURE
- Mortgage lien foreclosure
- Judicial foreclosure
- Non-judicial foreclosure
- Strict foreclosure
- Deed in lieu of foreclosure
- 7: Real Estate Taxation
- 7
- Real Estate Taxation
- TAXING ENTITIES
- State government
- County and local government
- Tax districts
- AD VALOREM TAXATION
- Tax base totaling
- Homestead exemption
- Other exemptions
- Tax rate derivation
- Tax billing and collection
- SPECIAL ASSESSMENTS
- TAX LIEN ENFORCEMENT
- Sale of tax certificates
- Tax deed
- Tax sale
- 8: Legal Descriptions
- 8
- Legal Descriptions
- METHODS OF LEGAL DESCRIPTION
- METES AND BOUNDS
- THE RECTANGULAR SURVEY SYSTEM
- The survey grid
- Sections of a township
- Fractions of a section
- Converting section fractions to acres
- RECORDED PLAT METHOD
- Subdivision plat map
- Description format
- DESCRIBING ELEVATION
- 9: National Agency Practices
- 9
- National Agency
- THE AGENCY RELATIONSHIP
- Basic roles
- Types of agency
- Creating an agency relationship
- Terminating an agency relationship
- FIDUCIARY DUTIES
- Agent's duties to the client
- Agent's duties to the customer
- Principal's duties
- Breach of duty
- FORMS OF REAL ESTATE AGENCY
- Subagency
- Dual agency
- No agency
- No subagency
- AGENCY DISCLOSURE RULES
- Objectives of disclosure
- Seller agent disclosures
- Buyer agent disclosures
- Dual agent disclosures
- Facilitator disclosures
- 10: The Brokerage Business
- 10
- The Brokerage Business
- FUNCTION AND ORGANIZATION
- Who may legally broker real estate?
- Types of brokerage organization
- Trade organizations
- THE BROKER-SALESPERSON RELATIONSHIP
- Legal relationships
- Salesperson's employment status
- Obligations and responsibilities
- Agent compensation
- OPERATING A REAL ESTATE BROKERAGE
- Obtaining listings
- Marketing listings
- Pre-closing activities
- Communications and technology
- Managing information
- Policy manual
- Advertisement regulations
- Anti-trust laws
- BUSINESS BROKERAGE
- Business brokerage vs real property brokerage
- Transaction knowledge
- Accounting
- Determining a price
- Business brokerage regulation
- SYNDICATIONS AND SECURITIES BROKERAGE
- Syndicating real estate
- Securities licensing
- Securities registration
- 11: Real Estate Contract Law
- 11
- Real Estate Contract Law
- CONTRACT VALIDITY AND ENFORCEABILITY
- Legal status of contracts
- Criteria for validity
- Validity of a conveyance contract
- Enforcement limitations
- CONTRACT CREATION
- Offer and acceptance
- Counteroffer
- Revocation of an offer
- Termination of an offer
- Assignment of a contract
- Contract preparation
- CLASSIFICATIONS OF CONTRACTS
- Oral vs. written
- Express vs. implied
- Bilateral vs. unilateral
- Executed vs. executory
- CONTRACT TERMINATION
- Forms of contract termination
- Breach of contract
- 12: Listing Agreements
- 12
- Listing Agreements
- REVIEW OF LEGAL FOUNDATIONS
- Agency law
- Contract law
- TYPES OF LISTING AGREEMENT
- Exclusive right-to-sell (or lease)
- Exclusive agency
- Open listing
- Net listing
- Buyer and tenant agency agreements
- Transaction broker agreement
- Multiple listing
- FULFILLMENT AND TERMINATION
- Agent's performance
- Compensation
- Causes for termination
- Revoking a listing
- LISTING AGREEMENT CLAUSES
- Exclusive right-to-sell clauses
- Exclusive buyer agency clauses
- Transaction brokerage clauses
- 13: Sales Contracts
- 13
- Sales Contracts
- CONTRACT FOR SALE
- Legal characteristics
- Contract creation
- Earnest money escrow
- Contract contingencies
- Default
- SALE CONTRACT PROVISIONS
- Primary provisions
- Secondary provisions
- OPTION-TO-BUY CONTRACT
- Contract requirements
- Common provisions
- Legal aspects
- CONTRACT FOR DEED
- Interests and rights
- Legal form
- Default and recourse
- Usage guidelines
- 14: Texas Contracts
- 13
- Texas Contracts
- STANDARD FORMS-REQUIREMENTS
- Contract usage requirements
- Contract usage exceptions
- Contract usage Prohibitions
- Contract-related requirements
- STANDARD FORMS-PURPOSES AND LINKS
- Residential properties
- Farm and ranch properties
- Unimproved
- Other TREC forms
- 15: Professional Practices
- 15
- Professional Practices
- FAIR HOUSING LAWS
- Civil Rights Act of 1866
- Civil Rights Act of 1968
- Forms of illegal discrimination
- Title VIII exemptions
- Jones v. Mayer
- Equal Opportunity in Housing poster
- Fair Housing Amendments Act of 1988
- Discrimination by the client
- Violations and enforcement
- Fair financing laws
- Americans with Disabilities Act (ADA)
- PROPERTY DISCLOSURES
- Residential property condition
- Environmental issues
- Warranties
- Inspections
- Homeowners' associations
- OTHER PROFESSIONAL PRACTICES
- Codes of ethics
- Job performance
- Duties to clients
- Duties to customers
- Disclosure
- Professional relationships
- 16: TRELA: The Real Estate Commission
- 16
- TRELA: The Real Estate Commission
- STRUCTURE, DUTIES AND POWERS
- Origins
- Mission and scope
- Composition
- Duties and powers
- Limitations
- KEY COMMITTEES AND GROUPS
- Real estate advisory committees
- Education Standards Advisory Committee
- Broker-Lawyer Committee
- Texas Real Estate Research Center
- HANDLING COMPLAINTS
- Complaint rules
- Commission policy
- Procedures
- License discipline
- Complaint information
- REAL ESTATE RECOVERY TRUST FUND
- Recovery trust account
- Payment limits
- Disclosure
- 17: TRELA: Licensing Regulation
- 17
- TRELA: Licensing Regulation
- WHO MUST BE LICENSED
- Licensed activities
- Exceptions
- LICENSE REQUIREMENTS
- Sales agent
- Business entity
- Non-resident
- APPLICATION PROCEDURE
- Application
- Examination
- Issuance
- LICENSE MAINTENANCE
- Renewal
- Continuing education
- LICENSE STATUS
- Active status
- Inactive status
- Reactivation
- 18: TRELA: Standards of Conduct
- 18
- TRELA: Standards of Conduct
- PROFESSIONAL ETHICS AND CONDUCT
- Codes of ethics
- Fiduciary duties
- Common law duties to a customer
- Other ethical concerns
- VIOLATIONS AND PENALTIES
- Prohibited practices
- Further grounds for suspension & revocation
- Unauthorized practice of law
- Recovery fund payments
- MAINTAINING TRUST FUNDS
- Trust funds and accounts
- Accepting trust funds
- Trust accounting requirements
- Disbursing trust money
- Records retention
- ADVERTISING REGULATION
- Advertising defined
- Advertising rules
- 19: TRELA: Agency and Brokerage
- 19
- TRELA: Agency and Brokerage
- OFFICE REQUIREMENTS
- DISCLOSURE OF TITLE ADVICE
- DISCLOSURE OF AIDS OR DECEASED PERSONS
- Disclosure of AIDS
- Disclosure of deceased persons
- AGENCY RELATIONSHIPS
- Definitions
- Brokerage relationships in Texas
- Minimum services brokerage
- BROKER ACTING AS INTERMEDIARY
- The intermediary relationship
- Duties of an intermediary
- Appointed intermediaries
- Dual agency and intermediaries
- REPRESENTATION DISCLOSURE
- Disclosure requirements
- Substantive dialog defined
- Information About Brokerage Services form
- BROKER/SALES AGENT RELATIONSHIPS
- Nature of the relationship
- Broker's responsibilities
- Record keeping
- Policies and procedures
- COMPENSATION TO AND FROM AGENTS
- Compensation defined
- Compensation rules
- Fee splits
- Rebates, fees, and disclosure
- LOTTERIES, MISREPRESENTATION, UNLICENSED REFERRALS
- Lotteries
- Misrepresentation
- Unlicensed referrals
- UNLICENSED ASSISTANTS
- Prohibited activities
- Permitted activities
- SELLER DISCLOSURES
- Property condition disclosure
- Homeowners' association disclosure
- Coastal property disclosure
- Principles II
- 20: Real Estate Market Economics
- 20
- Real Estate Market Economics
- THE MARKET SYSTEM
- Supply and demand
- Price and value
- Productivity and costs
- Market interaction
- Market equilibrium
- REAL ESTATE MARKET DYNAMICS
- Economic characteristics of real estate
- Real estate supply and demand
- Market influences on supply and demand
- 21: Real Estate Appraisal
- 21
- Real Estate Appraisal
- REAL ESTATE VALUE
- Foundations of real estate value
- Types of value
- APPRAISING MARKET VALUE
- Market value
- The appraisal and its uses
- Steps in the appraisal process
- THE SALES COMPARISON APPROACH
- Steps in the approach
- Identifying comparables
- Adjusting comparables
- Weighting comparables
- Broker's comparative market analysis
- THE COST APPROACH
- Types of cost appraised
- Depreciation
- Steps in the approach
- THE INCOME CAPITALIZATION APPROACH
- Steps in the approach
- Gross rent and gross income multiplier approach
- REGULATION OF APPRAISAL PRACTICE
- Licensure
- Professional standards
- Professional associations and designations
- 22: Real Estate Finance
- 22
- Real Estate Finance
- ANATOMY OF MORTGAGE LENDING
- Mechanics of a loan transaction
- Financial components of a loan
- Promissory note
- Mortgage document and trust deed
- INITIATING A MORTGAGE LOAN
- The loan application
- Mortgage loan underwriting
- QUALIFYING FOR A MORTGAGE LOAN
- Equal Credit Opportunity Act
- Income qualification
- Cash qualification
- Net worth
- Credit evaluation
- Loan commitment
- CLOSING A LOAN
- LAWS AFFECTING MORTGAGE LENDING
- Truth-in-Lending and Regulation Z
- Equal Credit Opportunity Act
- Real Estate Settlement Procedures Act
- National Flood Insurance Act
- THE MORTGAGE MARKET
- Supply and demand for money
- The primary mortgage market
- The secondary mortgage market
- Role of FNMA, GNMA, and FHLMC
- TYPES OF REAL ESTATE LOANS
- Conventional loans
- FHA-insured loans
- VA-guaranteed loans
- Common loan structures
- Seller financing
- Special-purpose loans
- 23: Land Use Control
- 23
- Land Use Control
- REAL ESTATE PLANNING
- Goals of land use control
- The master plan
- Planning objectives
- Plan development
- Planning management
- PUBLIC LAND USE CONTROL
- Zoning
- Zoning administration
- Subdivision regulation
- Building codes
- Public acquisition and ownership
- PRIVATE LAND USE CONTROL
- Deed restriction
- Declaration restriction
- Deed condition
- ENVIRONMENTAL CONTROLS
- Areas of concern
- Major legislation
- Responsibilities & liabilities
- 24: Real Estate Investment
- 24
- Real Estate Investment
- INVESTMENT FUNDAMENTALS
- Investment characteristics
- Rewards
- Risks
- Types of investments
- REAL ESTATE AS AN INVESTMENT
- Risk and reward
- Illiquidity
- Management requirements
- REAL ESTATE INVESTMENT ENTITIES
- Direct
- Syndicate and partnership
- Real Estate Investment Trust (REIT)
- Real Estate Mortgage Investment Conduit (REMIC)
- TAXATION OF REAL ESTATE INVESTMENTS
- Taxable Income
- Cost recovery
- Gain on sale
- Interest
- Passive activities
- INVESTMENT ANALYSIS OF A RESIDENCE
- Appreciation
- Deductibles
- Tax liability
- Gains tax exclusion
- INVESTMENT ANALYSIS OF AN INCOME PROPERTY
- Pre-tax cash flow
- Tax liability
- After-tax cash flow
- Investment performance
- 25: Leases
- 25
- Leases
- THE LEASE CONTRACT
- Leasehold rights and obligations
- Contract requirements
- Lease clauses
- TYPES OF LEASE
- Gross lease
- Net lease
- Percentage lease
- Residential lease
- Commercial lease
- Ground lease
- Proprietary lease
- Leasing of rights
- DEFAULT AND TERMINATION
- Remedies for default
- Default by tenant
- Default by landlord
- Causes for lease termination
- UNIFORM RESIDENTIAL LANDLORD AND TENANT ACT (URLTA)
- Areas of regulation
- Areas of regulation
- 26: Property Management
- 26
- Property Management
- MANAGEMENT FUNCTIONS
- Reporting
- Budgeting
- Renting
- Property maintenance
- Construction
- Risk management
- THE MANAGEMENT AGREEMENT
- Components
- Rights, duties, liabilities
- LEASING CONSIDERATIONS
- Lease types
- Owned and leased inclusions
- Reversionary rights of owners
- Landlord rights and responsibilities
- Tenant rights and responsibilities
- Evictions
- Tenant improvements
- Termination of a lease
- Security deposit Procedures
- Uniform Residential Landlord-Tenant Act
- THE MANAGEMENT BUSINESS
- Sources of business
- Securing business
- Professional development
- 27: Transfers of Title
- 27
- Transfers of Title
- TITLE TO REAL ESTATE
- Legal and equitable title
- Notice of title
- Transferring title
- DEEDS OF CONVEYANCE
- Delivery and acceptance
- Validity
- Deed clauses and covenants
- Statutory Deeds
- Special purpose deeds
- Transfer tax
- WILLS
- Types of will
- Validity
- Probate
- INVOLUNTARY TITLE TRANSFER
- Laws of descent
- Abandonment
- Foreclosure
- Eminent domain
- Adverse possession
- Estoppel
- TITLE RECORDS
- Chain of title
- Recording system
- Title evidence
- 28: Closings
- 28
- Closings
- THE CLOSING EVENT
- The setting
- The closing process
- Transfer of title
- Transfer of purchase funds
- Escrow procedures
- Lender closing requirements
- Broker's role
- REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA)
- TRID
- Information booklet
- Loan Estimate
- Mortgage servicing disclosure
- Closing Disclosure
- Disclosures after settlement
- Limits on escrow accounts
- Referral fees and kickbacks
- FINANCIAL SETTLEMENT OF THE TRANSACTION
- Settlement process
- Selling terms and closing costs
- Debits and credits
- Non-prorated items
- Prorated items
- COMPUTING PRORATIONS
- 12-month / 30 day method
- 365-day method
- TAXES DUE AT CLOSING
- State taxes on the deed
- State taxes on the mortgage
- CLOSING COST ITEMIZATION: CASE ILLUSTRATION
- Selling terms and closing costs
- Prorations and charges
- TILA/RESPA INTEGRATED DISCLOSURE RULE
- Forms and procedures
- Good faith
- Types of Charges
- Applicable transactions
- The H-25 Closing Disclosure form
- REPORTING REQUIREMENTS
- Who must report
- What must be filed
- 29: Risk Management
- 29
- Risk Management
- RISK MANAGEMENT STRATEGIES
- Avoidance
- Reduction
- Transference
- Retention
- RISK MANAGEMENT PROCEDURES
- Education
- Disclosure
- Documentation and Record keeping
- Insurance
- PRIMARY AREAS OF RISK
- Agency
- Property disclosures
- Listing and selling process
- Contracting process
- Fair Housing
- Antitrust
- Rules and regulations
- Misrepresentation
- Recommending providers
- Financing and closing
- Trust fund handling
- 30: TRELA: Special Topics
- 30
- TRELA: Special Topics
- OWNERSHIP AND TAXATION
- Community vs. separate property
- Homestead
- Homestead tax exemption
- CONSUMER PROTECTIONS
- Deceptive Trade Practices Act
- Statute of Frauds
- Consumer Financial Protection Bureau
- Predatory lending
- Interstate Land Sales Disclosure Act
- Uniform Commercial Code
- TEXAS LOAN PROGRAMS
- TDHC and TSAHC programs
- Veteran's Land Board programs
- LANDLORD-TENANT ISSUES
- Landlord and tenant laws
- Landlord and tenant relations
- Lease terminations
- Default remedies
- FORECLOSURE
- Causes and options
- Types
- Sale procedure
- Deficiency judgments
- Rights of redemption
- Short sales
- CONVEYANCES
- Recording
- LAND USE REGULATION ISSUES
- Zoning and permitting
- Texas fair housing laws
- Community Reinvestment Act (CRA)
- Anti-discrimination legislation
- SPECIALIZATIONS
- Leases
- Property management
- Resorts
- Investment
- Land
- Farm/Ranch
- REO
- Short sales
- Auction
- Foreclosures
- Residential
- Commercial
- OTHER TESTED TOPICS
- Mechanic's liens
- Broker's Price Opinion
- Property (Home) Owners' Associations
- Texas lien theory vs title theory
- Homeowner's insurance
- Surveying
- 31
- 31: Real Estate Mathematics
- BASIC FORMULAS AND FUNCTIONS
- Adding and multiplying fractions
- Converting decimals and percentages
- Converting fractions and percentages
- Multiplying percentages
- Calculating area
- REAL ESTATE APPLICATIONS
- Legal descriptions
- Listing Agreements
- Brokerage Business
- Contracts for the Sale of Real Estate
- Appraisal
- Income capitalization
- Finance
- Investments
- Taxation
- Closings
- Chapter Tests
- Answer Key begins on page 585
- CHAPTER ONE: THE REAL ESTATE BUSINESS
- CHAPTER TWO: CONCEPTS OF HOME OWNERSHIP
- CHAPTER THREE: REAL PROPERTY
- CHAPTER FOUR: INTERESTS AND ESTATES
- CHAPTER FIVE: OWNERSHIP
- CHAPTER SIX: ENCUMBRANCES AND LIENS
- CHAPTER SEVEN: REAL ESTATE TAXATION
- CHAPTER EIGHT: LEGAL DESCRIPTIONS
- CHAPTER NINE: NATIONAL AGENCY
- CHAPTER TEN: THE BROKERAGE BUSINESS
- CHAPTER ELEVEN: REAL ESTATE CONTRACT .LAW
- CHAPTER TWELVE: LISTING AGREEMENTS
- CHAPTER THIRTEEN: SALES CONTRACTS
- CHAPTER FOURTEEN: TEXAS CONTRACTS
- CHAPTER FIFTEEN: PROFESSIONAL PRACTICES
- CHAPTER SIXTEEN: TRELA: THE REAL ESTATE COMMISSION
- CHAPTER SEVENTEEN: TRELA: LICENSING REGULATION
- CHAPTER EIGHTEEN: TRELA: STANDARDS OF CONDUCT
- CHAPTER NINETEEN: TRELA: AGENCY AND BROKERAGE
- CHAPTER TWENTY: REAL ESTATE MARKET ECONOMICS
- CHAPTER TWENTY-ONE: REAL ESTATE APPRAISAL
- CHAPTER TWENTY-TWO: REAL ESTATE FINANCE
- CHAPTER TWENTY-THREE: LAND USE CONTROL
- CHAPTER TWENTY-FOUR: REAL ESTATE INVESTMENT
- CHAPTER TWENTY-FIVE: REAL ESTATE LEASES
- CHAPTER TWENTY-SIX: PROPERTY MANAGEMENT
- CHAPTER TWENTY-SEVEN: TRANSFERS OF TITLE
- CHAPTER TWENTY-EIGHT: CLOSINGS
- CHAPTER TWENTY-NINE: RISK MANAGEMENT
- CHAPTER THIRTY: SPECIAL TOPICS
- Chapter Tests Answer Key
- CHAPTER ONE: THE REAL ESTATE BUSINESS
- CHAPTER TWO: CONCEPTS OF HOME OWNERSHIP
- CHAPTER THREE: REAL PROPERTY
- CHAPTER FOUR: INTERESTS AND ESTATES
- CHAPTER FIVE: OWNERSHIP
- CHAPTER SIX: ENCUMBRANCES AND LIENS
- CHAPTER SEVEN: REAL ESTATE TAXATION
- CHAPTER EIGHT: LEGAL DESCRIPTIONS
- CHAPTER NINE: AGENCY
- CHAPTER TEN: THE BROKERAGE BUSINESS
- CHAPTER ELEVEN: REAL ESTATE CONTRACT LAW
- CHAPTER TWELVE: LISTING AGREEMENTS
- CHAPTER THIRTEEN: SALES CONTRACTS
- CHAPTER FOURTEEN: TEXAS CONTRACTS
- CHAPTER FIFTEEN: PROFESSIONAL PRACTICES
- CHAPTER SIXTEEN: TRELA: THE REAL ESTATE COMMISSION
- CHAPTER SEVENTEEN: TRELA: LICENSING REGULATION
- CHAPTER EIGHTEEN: TRELA: STANDARDS OF CONDUCT
- CHAPTER NINETEEN: TRELA: AGENCY AND BROKERAGE
- CHAPTER TWENTY: REAL ESTATE MARKET ECONOMICS
- CHAPTER TWENTY-ONE: REAL ESTATE APPRAISAL
- CHAPTER TWENTY-TWO: REAL ESTATE FINANCE
- CHAPTER TWENTY-THREE: LAND USE CONTROL
- CHAPTER TWENTY-FOUR: REAL ESTATE INVESTMENT
- CHAPTER TWENTY-FIVE: REAL ESTATE LEASES
- CHAPTER TWENTY-SIX: PROPERTY MANAGEMENT
- CHAPTER TWENTY-SEVEN: TRANSFERS OF TITLE
- CHAPTER TWENTY-EIGHT: CLOSINGS
- CHAPTER TWENTY-NINE: RISK MANAGEMENT
- CHAPTER THIRTY: TRELA: SPECIAL TOPICS
- CHAPTER THIRTY-ONE: REAL ESTATE MATH
- Practice Examination
- Answer Key is on page 601
- Practice Examination Answer Key
- Glossary of Style and Construction Terms
- HOUSE STYLES
- DOOR TYPES AND PARTS
- ELECTRICAL
- EXTERIOR COVERINGS
- FOUNDATION TYPES AND PARTS
- GENERAL STRUCTURE
- HEATING AND COOLING
- INSULATION
- PLUMBING
- ROOF TYPES AND ELEMENTS
- WINDOW TYPES AND PARTS
- Glossary of General Real Estate Terms
- Index
- Page Map
