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The leader in North Carolina real estate education, this fundamentals text helps students prepare for their licensing exams and for their careers as real estate professionals. Highlights include a new appendix including the North Carolina license law, commission rules, trust account guidelines, and the license law and rule comments, new math solutions added to the answer key for all math problems, and Instructor Resources, including a testbank with more than 500 questions and PowerPoint presentations.

North Carolina Real Estate: Principles and Practice

Real estate broker - A real estate broker is in the business of brokering real estate transactions; that is, finding sellers for those who want to buy real estate and finding buyers for those trying to sell real estate. Real estate brokers and their salespersons assist sellers in marketing their property and selling it for the highest possible price under the best terms and assist buyers by helping them purchase property for the best possible price under the best terms.

Real estate economics - Real estate economics is the application of economic techniques to real estate markets. It tries to describe, explain, and predict patterns of real estate prices, building production, and real estate consumption.

Real estate contract - A real estate contract is a contract for the purchase/sale, exchange, or other conveyance of real estate between parties. Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases (rental contracts) cover such rentals since they typically do not result in recordable deeds.

Luxury real estate - Luxury real estate describes a niche in the real estate market dealing with the highest socio-economic group of property buyers. Since real estate buyers in this group tend to own many homes, the terms vacation property and second home are inaccurate.

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