Performance Programs Company's Principles of Real Estate Practice in Michigan contains the essentials of the national and Michigan real estate law, principles, and practices necessary for basic competence as a real estate professional and as mandated by Michigan 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 Michigan 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 ContentsThe Real Estate BusinessRights in Real EstateInterests and EstatesOwnershipEncumbrances and LiensTransferring and Recording Title to Real EstateLeasing EssentialsLand Use Planning and ControlLegal DescriptionsFundamentals of Contract LawNational AgencyListing Agreements: An OverviewGeneral Brokerage PracticesOverview of Conveyance ContractsReal Estate Market EconomicsAppraising and Estimating Market ValueReal Estate FinanceReal Estate InvestmentReal Estate TaxationProfessional PracticesClosingsRisk ManagementProperty ManagementReal Estate MathematicsMichigan Licensing RegulationRules Governing LicenseesContractual RelationshipsHousing RegulationsProperty-Related DisclosuresOther Points of Law and PracticeGlossary of General Real Estate TermsIndexFor students looking for a Michigan exam prep book, we also publish Michigan Real Estate License Exam Prep: All-in-One Review and Testing to Pass Michigan's PSI Real Estate Exam.