Book excerpt: Prepare yourself for a unique experience. This textbook is a critical component of "Michigan's Most Powerful Exam Preparation System(tm)." Michigan Real Estate Law & Practice is designed to fulfill the information needs of those who are planning to enter the real estate business as a professional licensee. Buyers and Sellers can also use this textbook to help them better understand the technical aspects of a real estate transaction.As the only professionally-produced real estate textbook written top-to-bottom from a Michigan perspective, Michigan Real Estate Law & Practice explores the essential aspects of real estate law and practice in an Understandable, Easy-To-Read, Outline format. Years of research have proven this approach to be the most effective way for students to learn complex subjects in the shortest time possible.Serious students who have made an important career decision all agree--this comprehensive and up-to-date resource is exactly what is needed for success. It is the primary tool used by better education institutions throughout Michigan whether for classroom, home, or online study. There is no more effective tool for learning about the real estate industry.Success on the real estate exam is determined by acquiring the best learning tools and putting them to good use. Other key features of Michigan Real Estate Law & Practice include:KEY TERM COVERAGE... Find complete and understandable coverage of all key terms that are likely to appear on the Michigan Real Estate Salesperson's or Broker's Examination!COMPREHENSIVE DETAIL... Each subject is discussed in sufficient detail to help you truly understand what it means, and most importantly, how it is actually applied in the real world!CLEAR EXPLANATIONS... The mix of potentially confusing legal principles and practical concepts is expressed in clear and understandable language. Learning becomes a fun and productive experience!SAMPLE QUESTIONS... Work with chapter-specific questions to assess your level of preparation. A full sample exam has also been included for an extra measure of practice!