Michigan Real Estate Law And Practice

Prepare yourself for a unique experience. This textbook is a critical component of "Michigan's Most Powerful Exam Preparation System(tm)." Michigan Real Estate Law & Practice is designed to fulfill the information needs of those who are planning to enter the real estate business as a professional licensee. Buyers and Sellers can also use this textbook to help them better understand the technical aspects of a real estate transaction.As the only professionally-produced real estate textbook written top-to-bottom from a Michigan perspective, Michigan Real Estate Law & Practice explores the essential aspects of real estate law and practice in an Understandable, Easy-To-Read, Outline format. Years of research have proven this approach to be the most effective way for students to learn complex subjects in the shortest time possible.Serious students who have made an important career decision all agree--this comprehensive and up-to-date resource is exactly what is needed for success. It is the primary tool used by better education institutions throughout Michigan whether for classroom, home, or online study. There is no more effective tool for learning about the real estate industry.Success on the real estate exam is determined by acquiring the best learning tools and putting them to good use. Other key features of Michigan Real Estate Law & Practice include:KEY TERM COVERAGE... Find complete and understandable coverage of all key terms that are likely to appear on the Michigan Real Estate Salesperson's or Broker's Examination!COMPREHENSIVE DETAIL... Each subject is discussed in sufficient detail to help you truly understand what it means, and most importantly, how it is actually applied in the real world!CLEAR EXPLANATIONS... The mix of potentially confusing legal principles and practical concepts is expressed in clear and understandable language. Learning becomes a fun and productive experience!SAMPLE QUESTIONS... Work with chapter-specific questions to assess your level of preparation. A full sample exam has also been included for an extra measure of practice!

Principles of Real Estate Practice in Michigan contains the essentials of the national and Michigan real estate law, principles, and practices necessary for basic competence as a real estate professional and as mandated by Michigan 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 Michigan 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 Michigan Licensing Regulation Rules Governing Licensees Contractual Relationships Housing Regulations Property-Related Disclosures Other Points of Law and Practice Glossary of Residential Style and Construction Terms Glossary of General Real Estate Terms Index

The "Test Prep Outline & Glossary" by Jack K Waller, J.D., is a unique learning tool that is specifically designed to assist individuals who are interested in successfully passing the Michigan PSI Real Estate Salesperson or Broker Exam in the quickest time possible. It consists of a comprehensive, yet highly condensed outline of all likely exam topics that might appear on the state exam. The "Test Prep Outline & Glossary" is designed to complement any primary textbook used in a real estate license preparation program. You can supercharge the value of any textbook with this excellent exam preparation tool. The "Test Prep Outline & Glossary" is also keyed to the PSI Content Outline for the Michigan Real Estate Broker's and Salesperson's Examinations. The Glossary portion of this resource contains a unique and comprehensive collection of important real estate terms. Each entry contains two definitions. The first definition is delivered in a short, flash card-style, format. The second definition provides a fuller definition to enrich understanding. Over 1,300 full and cross reference entries are contained in the Glossary. Serious students who have made an important career decision agree that the "Test Prep Outline & Glossary" is the perfect complement to any real estate license preparation program. It delivers the precise information needed for success, in a condensed, easy-to-understand format.

Clear and concise -yet exceptionally complete- this introduction to the principles and practices of Michigan real estate blends information regarding national real-estate laws and concepts with information specific to Michigan statutes, principles, and practices, and with Michigan-specific examples. It features an accessible writing style and practical study features designed to help students easily understand and retain relevant information.

Features of Michigan Real Estate License Exam Prep (MI-RELEP): National Principles & Law Key Point Review (60 pages) Real Estate Math Key Formula Review & Practice (17 pages) Michigan-Specific Laws and Practices (22 pages) National Practice Tests (500 questions) Michigan Practice Tests (100 questions) Michigan Sample Exam (100 questions) We know the real estate licensing exam can be tough, and very nerve-wracking to prepare for. That’s why we created the Michigan Real Estate License Exam Prep (MI-RELEP) the way we did. Since we have been managing real estate schools and developing curriculum for forty years, we know how all this works – or fails to work. MI-RELEP is comprehensive in that it contains both key content review and testing practice. And the text review is Michigan-specific – not just simplistic national content, but terse, relevant and accurate Michigan laws and regulations presented as a well-organized set of state ‘key point reviews’ ideal for pre-test memorization. But let’s not dismiss the importance of the national content either. MI-RELEP’s national key point reviews are a succinct compression of tested national principles and practices that comprise the national portion of state license exams from coast to coast. Our content is drawn from our own national textbook, Principles of Real Estate Practice – one of the most widely used principles textbooks in the country. Finally, our national content, as well as our question selection, is further tailored to the state testing outline promulgated by PSI for Michigan. Thus the breadth and depth of the law reviews and test questions reflect the topic emphasis of your state’s testing service and your Michigan license exam. A word about the test questions… MI-RELEP’s testing practice section consists of ten national practice tests, six state practice tests, and one state exam sample test. The practice tests are roughly 50 questions in length and the sample test is 100 questions. The test questions are designed to cover the content covered by the law reviews – which reinforces your learning of the total body of information tested by your Michigan exam. The questions are direct, to the point, and designed to test your understanding. When you have completed a given test, you can check your answers against the answer key in the appendix. You may also note that each question’s answer is accompanied by a brief explanation, or “rationale” to further reinforce your understanding. In the end, as you know, it’s all up to you. Unlike other publications, we are not going to tell you that using this book will guarantee that you pass your state exam. It still takes hard work and study to pass. But we have done our best here to get you ready. Following that, the most we can do is wish you the best of success in taking and passing your Michigan real estate exam. So good luck!!