Principles of Real Estate Practice in Illinois

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

Real Estate Leases

Land Use Planning and Control

Legal Descriptions

Real Estate Contract Law

Agency

Listing Agreements

The Brokerage Business

Contracts for the Sale of Real Estate

Real Estate Market Economics

Appraising and Estimating Market Value

Real Estate Finance

Real Estate Investment

Real Estate Taxation

Ethics: Laws and Practices

Closings

Real Estate 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

For over forty years, Stephen Mettling and David Cusic, PhD, have operated Performance Programs Company, one of the nation's most successful custom training organizations specializing in real estate program development. Mr. Mettling and Dr. Cusic have jointly written over 100 books, courses, and custom programs in all facets of real estate for some of the country's largest organizations including the National Association of Realtors® and its many Institutes.

Mr. Mettling has also served as vice president and author for the country's largest real estate training and publishing organization. Under various capacities, he has managed the acquisition, development, and sale of national real estate textbooks and publications, as well as directed the country's largest affiliated group of real estate schools.

Dr. Cusic, an author and educator with international real estate training experience, has been engaged in vocation-oriented education since 1966. Specializing in real estate training since 1983, he has developed numerous real estate training programs for corporate and institutional clients around the country.

Joy Stanfill has had a far-reaching career in real estate that includes over 25 years of teaching experience. She has served as Managing Broker, Director of Education, and Real Estate School Administrator for schools in three states. Joy has authored, marketed and delivered courses in various markets. She has held numerous real estate designations. Most recently, she has served as Faculty Director for a large online real estate school.

Marilyn Glazer has spent more than forty years in real estate education in addition to holding a real estate managing broker’s license in Illinois. Marilyn is a pre-license and CE instructor known throughout Illinois and has also authored numerous continuing education courses that have been used throughout the real estate industry. She has received the Educator of the Year Award from the National Association of Realtors® and from the Association of Illinois Real Estate Educators. Marilyn obtained her Master’s Degree in Adult Education and has earned the AHWD, GRI, CRS, CRB, and PMN designations.