Book Description

Principles of Real Estate Practice in Illinois contains the essentials of the national and Illinois real estate law, principles, and practices necessary for basic competence as a real estate professional and as mandated by Illinois license law. 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 Illinois 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. Table of Contents The Real Estate Business Rights in Real Estate Interests and Estates Ownership Encumbrances and Liens Transferring and Recording Title to Real Estate Leasing Essentials Land Use Planning and Control Legal Descriptions Fundamentals of Contract Law National Agency Listing Agreements: An Overview General Brokerage Practices Overview of Conveyance Contracts Real Estate Market Economics Appraising and Estimating Market Value Real Estate Finance Real Estate Investment Real Estate Taxation Professional Practices Closings Overview of Licensing and Regulation Risk Management Property Management Illinois Licensing Regulation Acquiring & Maintaining a License Regulation of Business Practice Agency Relationships Disciplinary Rules and Procedures Other Illinois Laws and Practices Glossary of Residential Style and Construction Terms Glossary of General Real Estate Terms Index For students looking for a Illinois-specific exam prep book, we also publish Illinois Real Estate License Exam Prep