Completely updated, this best-selling principles book introduces the fundamentals of Real Estate unlike any other providing the user with a solid understanding of the real estate industry. Jacobus uses a readable yet authoritative approach making it a user-friendly resource for acquiring the knowledge to pass the licensing exam. As always, Jacobus highlights new and expanding concepts in the field of real estate, such as new Fannie Mae affordable housing programs, while continually reinforcing the more stable concepts that have been the cornerstone of American real estate ownership. Key chapters dealing with the financial aspects of real estate now include new information based on current changes and trends in the marketplace - variable rate commissions, government fiscal policy, investments, and income tax.

From the Publisher

Suited for those seeking a full or part-time career in real estate, those who own or plan to own a home or investment property, or anyone seeking to broaden their knowledge of real estate, this text covers it all--real estate brokerage, appraisal, financing, contracts, closings, investing, land descriptions, rights and interests, fair housing, taxes, leases, condominiums, zoning, careers, licensing, the use of computers in real estate, and more. The Seventh Edition includes coverage of such timely topics as real estate agent's liability and professional obligation to buyers and sellers, brokers who represent buyers, advance fee listings, errors and omission insurance, foreclosure and timesharing. All of these topics are presented in an elegantly straightforward style that makes learning the principles and practices of real estate both accessible and enjoyable.

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