California Real Estate Principles, 10.1 Edition

Mary Ellen Brady, Edwin Estes, Jr., and Dennis J. McKenzie
Publication Date: 2016/07/27
Edition: 10.1
ISBN 10: 1-62980-179-8
ISBN 13: 978-1-62980-179-7
© 2016

Availability: In stock

Format: Price

Book Description

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

Mary Ellen Brady, Edwin Estes, Jr., and Dennis J. McKenzie

Mary Ellen Brady has been a successful California real estate broker and real estate salesperson for over twenty years. She is the owner of her own real estate company in addition to being the Real Estate department chair and teaching at Cerritos College.
In 1993, 1996, and 1997, Ms. Brady was named the REALTOR® of the Year by the Downey Association of REALTORS®. She was President of the Women’s Council of REALTORS® in 1997 and President of the Downey Association of REALTORS® in 1998. She has functioned as president and chair for many prestigious boards throughout the years. She received the impressive Norm Woest Award for her contributions to real estate education from the California Real Estate Educator’s Association in 2007.

In addition to obtaining her Graduate REALTOR® Institute (GRI) designation, Mary Ellen has also acquired her e-Pro, NAHREP Certified Professional, and Senior Real Estate Specialist (SRES) designations. She has participated in negotiation and meditation training in association with the Pepperdine University School of Law, Straus Institute for Dispute Resolution.

Edwin Estes received his Bachelor of Arts degree from the University of Southern California and his Juris Doctorate degree from the Pepperdine University School of Law. A real estate licensee since 1976, he received his California broker’s license in 1984 and has been a member of the California State Bar since 1983. Since that time, he has been active in real estate brokerage management, counseling, development, and investment brokerage. He is a former arbitrator for the American Arbitration Association and has served as a judge pro tem for the California Supreme Court.

Professor Estes has been teaching Graduate REALTOR® Institute (GRI) classes as a master instructor for the California Association of REALTORS® since 1991; in addition to obtaining the real estate designations of Certifed Commercial Investment Member (CCIM), Certified Real Estate Brokerage Manager (CRB), Graduate REALTORS® Institute (GRI), Accredited Buyer Representative (ABR), Accredited Buyer Representative Manager (ABRM), e-Pro, and Senior Real Estate Specialist (SRES), and he is also an accomplished community college instructor, and serves as the Real Estate Program Coordinator for Mt. San Antonio College.

Dennis McKenzie was the original author of this textbook. Born April 22, 1940, Dennis passed away on June 13, 2008. Holding two Masters degrees (MBA and MA) in Business and Economics from Humboldt State University, Dennis was a gifted author and lecturer who will be long remembered for his contributions to the real estate profession. He began his teaching career at the College of the Redwoods in 1970 and retired from teaching in 2008. In addition to teaching seminars at the University of Southern California, Dennis taught real estate continuing education statewide in California, as well as authoring numerous books on the subjects of real estate, finance, and economics. Dennis was the recipient of the Teacher of the Year Award from the California Real Estate Educators’ Association, as well as an educational consultant to the California Bureau (then Department) of Real Estate.

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