Summary |
Real estate is a unique subject, and because it is unique, real estate has spawned complex legal theories and very unusual fact situations. No two situations are ever exactly alike, and the subject never ceases to be intellectually stimulating. Everyone has a favorite story about real estate, and it has remained a fascinating topic for centuries. This fascination is what makes real estate such a fun, interesting business.
In chapter 2 you will find such topics as metes and bounds and tract maps. In chapter 3 you will see that there is much more to ownership of land than meets the eye! In chapter 4 we look at how a given right or interest in land can be held by an individual, by two or more persons, or by a business entity. Included in this chapter are discussions of joint tenancy, tenancy in common, and community property.
Chapter 5 and 6 deal with the process by which the ownership of real estate is transferred from one person to another.
In chapter 7 and 8 we turn to contract law and its application to offers and acceptances.
Chapters 9 through 14 are devoted to real estate finance.
In chapter 15 we see how property taxes and assessments are calculated, and chapter16 explains title closing and escrow. Chapter17 deals with leasing real estate and includes a sample lease document with discussion. Chapter 18 explores the language, principles, and techniques of real estate appraisal.
Chapter 19 deals with real estate license law requirements, how a salesperson chooses a broker, and professional ethics. In chapter 20 we examine the relationship between real estate agents and buyers and sellers. Chapter 21 concentrates on the law of agency. Special emphasis is placed on the duties and obligations of brokers to their clients and on fair housing laws in chapter22.
The remaining chapters of this book deal with a number of individual and specialized real estate topics. Chapter 23 explores the condominium, cooperative, and planned unit development forms of real estate ownership. In chapter 24 we take a brief and informative look at property insurance. An owner of real property should how to insure against financial loss due to property damage and public liability.
Zoning, land planning, and deed restrictions are covered in chapter 25. Chapter 26 explores several pertinent and timely relationships between the value of real estate and the condition of the United States economy. The final chapter, chapter 27, is an introduction to the opportunities available to you as a real estate investor. Topics include tax shelter, equity build-up, what to buy and when to buy.
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