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.

About the Author

Mary Ellen Brady was licensed as a California real estate Salesperson in 1988. In 1992 she became a licensed California real estate broker. Ms. Brady opened her own real estate office in 1999, after working for seven years as a real estate office manager in conjunction with listing and selling residential properties. In 1993, 1996, and 1997, Ms. Brady was named 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. Ms. Brady has chaired many committees within and outside of the REALTOR� association. Ms. Brady received her AA Degrees from Cerritos College in Real Estate and General Studies. She graduated from Azusa Pacific University. Ms. Brady enjoys teaching Real Estate and Business Administration courses full-time at Cerritos College.<P> Edwin Estes Jr. 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 Superior Court. Professor Estes has been teaching Graduate REALTOR� Institute classes as a master instructor for the California Association of REALTORS� since 1991. He has earned the real estate designations of Certified Commercial Investment Member (CCIM), Certified Real Estate Brokerage Manager (CRB), Graduate REALTORS Institute, Accredited Buyer Representative (ABR), Accredited Buyer Representative Manager (ABRM), e-PRO, and Senior Real Estate Specialist (SRES). He is also an accomplished community college instructor and serves as the Real Estate Program Coordinator for Mt. San Antonio College.

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