Maine Real Estate, 6th Edition

Product Details

Using a clear, concise writing style, Elaine Richer presents step-by-step explanations with examples to enable students to confidently prepare to become a real estate agent in Maine. This new edition has been completely updated to reflect the newest legislation passed July 2006 to fully prepare students with the appropriate material, guidance and practice to become a successful real estate practitioner after passing the real estate licensing exam. Coverage of the new rules concerning the creation of agency, qualifications for the associate real estate broker and transaction broker has been added along with updates to various contracts and agreements. Practical study features aid in understanding and retaining relevant information. 416pp.

Features:

• Step-by-step explanations with examples provide a thorough understanding of chapter content reinforced with end-of-chapter questions.
• Important points are clearly highlighted in each chapter for quick and easy review.
• Complete glossary contains all the key real estate terms for easy review before exam day.
• Diagnostic Practice Test and additional practice tests (with answer key) supports independent learning and mastery of the content.

New To This Edition:

• Completely updated with new contracts and form based on guidelines established July 2006 including modifications to the exclusive right to sell contract and the purchase and sale agreement among other updates based on legislation passed July 2006.
• New rules concerning the creation of agency, the establishment of a transaction broker and new qualifications for the Associate Real Estate Broker are covered.
• New useful appendices including the REALTOR? Code of Ethics and Standards of Practice, Maine Real Estate Commission's Rules and Regulations (including Minimum Standards of Practice, Multiple Offers Guidelines, and Real Estate Associate Broker Qualifying Education Documented Field Experience Form), and Promissor Examination Terminology.
• Online Instructor's Manual provides chapter discussion outlines, quizzes, exam questions along with PowerPoint support.

Table of Contents:

• 1. Introduction to Real Estate Principles.
• 2. Licensing of Real Estate Brokers, Associate Brokers and Sales Agents.
• 3. Property Ownership and Interests.
• 4. Law of Agency.
• 5. Fundamentals of Contract Law.
• 6. The Listing and Valuation Processes.
• 7. Landlord-Tenant Laws.
• 8. Land Use Controls.
• 9. Real Estate Financing.
• 10. Real Estate Financing Practices.
• 11. Selling: Practices and Procedures.
• 12. Transfer of Title to Real Property.
• 13. Closing Real Estate Transactions.
• 14. Fair Housing.
• 15. Tax Implications of Real Estate Ownership and Transactions.
• 16. Real Estate Math.
• Appendix A: Real Estate Construction.
• Appendix B: A Guide to Common Real Estate Environmental Hazards.
• Practice Tests.
• Answer Key.
• Glossary.
• Index.