
California Real Estate Principles
by Stapleton, Charles O., IIIRent Textbook
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Summary
Table of Contents
Preface | p. vii |
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. 6 |
Business Opportunity Brokerage | p. 12 |
Prepaid Rental Listing Service License | p. 14 |
Exemptions from Real Estate Licensing Requirements | p. 14 |
Real Estate Licensing Requirements | p. 15 |
Enforcement of the Real Estate Law | p. 21 |
Licensee Conduct | p. 25 |
Other Activities of the Department of Real Estate | p. 25 |
Professional Associations | p. 29 |
Summary | p. 30 |
Important Terms | p. 31 |
Open for Discussion | p. 31 |
Achievement Examination 1 | p. 32 |
The Nature of Real Property | p. 35 |
Historical Perspective | p. 35 |
Real Property and Personal Property | p. 39 |
Land Description | p. 45 |
Summary | p. 54 |
Important Terms | p. 55 |
Open for Discussion | p. 56 |
Achievement Examination 2 | p. 57 |
Ownership of Real Property | p. 59 |
Estates in Land | p. 59 |
Taking Title to Real Estate | p. 63 |
Business Ownership of Real Estate | p. 69 |
Summary | p. 73 |
Important Terms | p. 74 |
Open for Discussion | p. 74 |
Achievement Examination 3 | p. 75 |
Transferring Real Estate | p. 77 |
How Real Estate May Be Acquired | p. 77 |
Deeds | p. 89 |
Summary | p. 96 |
Important Terms | p. 97 |
Open for Discussion | p. 98 |
Achievement Examination 4 | p. 99 |
Encumbrances | p. 101 |
Encumbrances to Real Estate | p. 101 |
Liens | p. 102 |
Bankruptcy | p. 107 |
Easements | p. 108 |
Restrictions | p. 114 |
Encroachments | p. 118 |
Homesteads | p. 119 |
Summary | p. 121 |
Important Terms | p. 123 |
Open for Discussion | p. 123 |
Achievement Examination 5 | p. 124 |
The Law of Agency | p. 127 |
The Concept of Agency | p. 127 |
How an Agency Relationship Is Created | p. 137 |
Agency Agreements | p. 139 |
Rights and Duties of Principal and Agent | p. 153 |
Termination of an Agency | p. 162 |
Summary | p. 162 |
Important Terms | p. 164 |
Open for Discussion | p. 165 |
Achievement Examination 6 | p. 166 |
Contracts | p. 169 |
What Is a Contract? | p. 169 |
Elements of a Contract | p. 171 |
Discharging a Contract | p. 180 |
Real Estate Contracts | p. 184 |
Summary | p. 208 |
Important Terms | p. 209 |
Open for Discussion | p. 210 |
Achievement Examination 7 | p. 211 |
Financing Real Estate | p. 213 |
Purposes of Financing Real Estate | p. 213 |
Cost of Credit | p. 215 |
Real Estate as Security | p. 219 |
Real Estate Lenders-The Primary Mortgage Market | p. 234 |
Federal Disclosure Requirements | p. 248 |
Other Loan Considerations | p. 252 |
Summary | p. 255 |
Important Terms | p. 256 |
Open for Discussion | p. 257 |
Achievement Examination 8 | p. 258 |
Government-Sponsored and Other Financing | p. 261 |
Government-Sponsored Financing | p. 261 |
Creative Financing | p. 272 |
The Secondary Mortgage Market | p. 275 |
Summary | p. 277 |
Important Terms | p. 278 |
Open for Discussion | p. 278 |
Achievement Examination 9 | p. 279 |
Escrow and Title Insurance | p. 281 |
Escrow | p. 281 |
Escrow Procedures | p. 287 |
Title Insurance | p. 301 |
Summary | p. 309 |
Important Terms | p. 310 |
Open for Discussion | p. 310 |
Achievement Examination 10 | p. 311 |
Real Estate Taxation | p. 313 |
Property Taxation | p. 313 |
Federal Income Taxes | p. 327 |
State Income Tax | p. 332 |
Summary | p. 334 |
Important Terms | p. 336 |
Open for Discussion | p. 336 |
Achievement Examination 11 | p. 337 |
Landlord and Tenant | p. 339 |
The Leasehold | p. 339 |
Mobile-Home Tenancies | p. 364 |
Other Lease Arangements | p. 366 |
Property Management | p. 367 |
Rent Control | p. 371 |
Summary | p. 372 |
Important Terms | p. 374 |
Open for Discussion | p. 374 |
Achievement Examination 12 | p. 375 |
Real Estate Appraising | p. 377 |
Appraiser Licensing | p. 377 |
What Is a Real Estate Appraisal? | p. 379 |
The Appraisal Process | p. 384 |
Sales Comparison Approach | p. 387 |
Cost Approach | p. 390 |
Income Capitalization Approach | p. 396 |
Reconciliation and the Appraisal Report | p. 399 |
Summary | p. 404 |
Important Terms | p. 405 |
Open for Discussion | p. 405 |
Achievement Examination 13 | p. 406 |
Residential Design and Construction | p. 409 |
Building Construction Standards | p. 409 |
Architecture | p. 413 |
Design and Function | p. 417 |
Construction Stages | p. 420 |
Manufactured Homes | p. 430 |
Summary | p. 432 |
Important Terms | p. 432 |
Open for Discussion | p. 433 |
Achievement Examination 14 | p. 434 |
Government Control of Land Use | p. 437 |
Land-Use Regulations | p. 437 |
Subdivisions | p. 445 |
Fair Housing Laws | p. 453 |
Summary | p. 456 |
Important Terms | p. 457 |
Open for Discussion | p. 458 |
Achievement Examination 15 | p. 459 |
Math Appendix | p. 461 |
Dollars and Decimals | p. 461 |
Interest and Loan Finance Problems | p. 464 |
Area | p. 466 |
Summary | p. 470 |
Math Achievement Examination | p. 471 |
Internet Appendix | p. 473 |
Glossary | p. 477 |
Answer Key | p. 497 |
Index | p. 517 |
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