Illinois Real Estate: Principles and Practices, 4th Edition

Prepare for the Illinois Real Estate License Exam with confidence. This new fourth edition is readable, integrated, user-friendly and meets all requirements for pre-licensing in Illinois. The comprehensive treatment provides appropriate information and guidance for passing the state-licensing exam.

Features:

• AMP-style Questions: Allowing users to keep up with the state test.
• Environmental Issues: Prepares users for the latest issues and topics on the state exam.
  
• Putting It to Work: These real-world applications found throughout each chapter have been completely updated and expanded to fully prepare students for success in a real estate career.

Table of Contents:

• 1. Basic Real Estate Concepts.
• 2. Property Ownership and Interests.
• 3. Encumbrances, Government Restrictions and Appurtenances.
• 4. Brokerage and Agency.
• 5. Real Estate Contracts.
• 6. Transfer of Title to Real Property.
• 7. Real Estate Finance Principles.
• 8. Real Estate Finance Practices.
• 9. Closing Real Estate Transactions.
• 10. Property Valuation.
• 11. Land Use Controls.
• 12. Fair Housing.
• 13. Landlord and Tenant (Leasehold Estates).
• 14. Property Management and Insurance.
• 15. Federal Income Taxation of Real Estate.
• 16. Illinois Real Estate License Act of 2000.
• 17. Real Estate Math.
• Appendix A: Basic House Construction.
• Appendix B: A Guide to Common Real Estate Environmental Hazards.
• Appendix C: Diagnostic Test.
• Appendix D: Preparing for Your Real Estate Exam.
• Appendix E: Salesperson Practice Exam.
• Appendix F: Broker Practice Exam.
• Answer Key.
• Glossary.
• Index.