Principles of Real Estate Practice in Louisiana

Performance Programs Company’s Principles of Real Estate Practice in Louisiana is the state’s complete prelicense text, covering the national and Louisiana law, principles, and practices necessary for basic competence as a real estate professional and as mandated by Louisiana 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.Louisiana is the only state whose property and contract law comes from the civil law tradition rather than the English common law, and this text teaches it that way. Its Louisiana chapters cover immovables and servitudes, usufruct, community property, successions and forced heirship, acquisitive prescription, the authentic act, redhibition, and the Louisiana closing, all in the vocabulary students will meet on the state exam and in practice. A dedicated Louisiana Civil Law Glossary defines more than 70 civil law terms that have no exact counterpart in the national material.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 knowledgePrinciples of Real Estate Practice in Louisiana 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. At 622 pages, it also includes chapter tests, a full practice examination, and answer keys for both.Table of ContentsSection I: National Principles, Practices, and Laws• The Real Estate Business• Rights in Real Estate• Interests and Estates• Ownership• Encumbrances and Liens• Transferring and Recording Title to Real Estate• Leasing Essentials• Land Use Planning and Control• Legal Descriptions• Fundamentals of Contract Law• National Agency• Listing Agreements: An Overview• General Brokerage Practices• Overview of Conveyance Contracts• Real Estate Market Economics• Appraising and Estimating Market Value• Real Estate Finance• Real Estate Investment• Real Estate Taxation• Professional Practices• Closings• Risk Management• Property Management• Real Estate MathematicsSection II: Louisiana Principles, Practices, and Laws• The Louisiana Regulatory Environment• Louisiana Licensing• Regulation of Louisiana Brokerage Practice• The Louisiana Civil Law System• The Louisiana Law of Agency• Other Louisiana Laws and PracticesChapter TestsChapter Tests Answer KeyPractice ExaminationPractice Examination Answer KeyGlossary of General Real Estate TermsLouisiana Civil Law GlossaryIndexFor students looking for a Louisiana-specific exam prep book, see our companion title, Louisiana Real Estate License Exam Prep.