California Real Estate Principles is easy to understand, yet rigorous in reinforcing the terms and concepts necessary to pass the California real estate license exam. This edition has been updated to reflect California’s latest legislative changes. The authors have added fresh examples, new Student Learning Outcomes, and updated Reviewing Your Understanding questions throughout. Math has been moved out of the main text to the appendix, so students have a single place to look for all formulas and real estate math. This text contains everything you need to dive headfirst into your real estate career.
- New disclosures chapter explores sellers’ and agents’ disclosure obligations, as well as supplemental statutory disclosures.
- Expanded appraisal chapter includes more detail on the Home Valuation Code of Conduct (HVCC), updates reflecting the 2014-2015 revisions of USPAP, and updated categories of licensing/certification reflecting January 2015 legislative changes.
- Provides expanded discussion of the various listing agreements and reviews the latest version of the Residential Purchase Agreement.
- Includes updated information on the California license exam.
Table of Contents
Chapter 1: A Career in Real Estate and the California Bureau of Real Estate License Examination Requirements
Chapter 2: Introduction to Real Estate
Chapter 3: Real Estate Agency
Chapter 4: Real Estate Disclosures
Chapter 5: Real Estate Contracts
Chapter 6 Part I: Legal Descriptions, Methods of Acquiring Title, and Deeds
Chapter 6 Part II: Estates and Methods of Holding Title
Chapter 7: Encumbrances, Liens, and Homesteads
Chapter 8: Introduction to Real Estate Finance
Chapter 9 Part I: Real Estate Lenders
Chapter 9 Part II: FHA, VA, and Cal-Vet Loans and the Secondary Mortgage Market
Chapter 10: Real Estate Appraisal
Chapter 11: The Role of Escrow and Title Insurance Companies
Chapter 12: Landlord and Tenant Relations
Chapter 13: Land-Use Planning, Subdivisions, Fair Housing, and Other Public Controls
Chapter 14: Introduction to Taxation
Chapter 15: Single-Family Homes and Mobile Homes
Appendix A: The California State Examination
Appendix B: Practical Real Estate Mathematics