A multi-media instructional package is available to supplement the text.

Includes bibliographical references and index.

Chapter 1.Real Estate Perspectives Part I. Investment Perspective Chapter 2:Basic Valuation Concepts Chapter 3:Investment Property Analysis Chapter 4:Federal Income Taxation Chapter 5:Forms of Ownership Chapter 6:Risk and Real Estate Investment Chapter 7:Management of Space and Assets Part II. Market Perspective Chapter 8:Real Estate Markets Chapter 9:Land Use, Planning, Zoning, Urban Problems and Environmental Hazards Chapter 10:Market and Feasibility Analysis Chapter 11:Introduction to Development Part III: Valuation Perspective Chapter 12:Valuation by the Sales Comparison and Cost Approaches Chapter 13:Valuation by the Income Approach Part IV: Mortgage Finance Perspective Chapter 14:Creation of Mortgages Chapter 15:Residential Mortgage Types and Borrower Decisions Chapter 16:Sources of Funds for Residential Mortgages Chapter 17:Commercial Property Financing Part V: Legal Perspective Chapter 18:Real Property Rights Chapter 19:Real Property Taxation Chapter 20:Transfer of Real Property Rights Chapter 21:Real Estate Brokerage and Listing Contracts Chapter 22:Contracts for Sale and Closing :Appendix A. Answers to Test Yourself Questions

Provides a presentation of the investment decisions involved in real estate such as whether and how to lease, buy, sell, or mortgage a property; how to analyze and predict the forces in the market that determine real estate values; whether and when to renovate, rehabilitate, or demolish; and when and how to divest a property.