The text clarifies the subject by: - offering point-by-point instruction, practice, and feedback on the three main subjects of all real estate courses -- investment, mortgaging, and conveyancing- presenting a broad overview of each topic, followed by examples, questions, and detailed answers- covering business planning and investments- presenting material along the time line needed for students to understand the sequence of events applicable in any real estate transaction- serving as an introduction to the participants and servicers of the transactionNew examples and explanations in the Fourth Edition reflect recent developments: - financial planning and investment, for analyzing proforma statements by real estate investors- mezzanine financing, in line with the current discussion of junior mortgages- LLC's and the amendments of the applicable Uniform Acts- mechanics liens- regulatory checks on terrorism activity and money