Principles of Real Estate Practice in North Carolina

Performance Programs Company’s Principles of Real Estate Practice in North Carolina is the state’s complete prelicense text, covering the national and North Carolina law, principles, and practices necessary for basic competence as a real estate professional and as mandated by North Carolina 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 4th Edition is fully updated for recent changes in North Carolina law and national practice, including:* the new composition of the North Carolina Real Estate Commission under Session Law 2026-41 * compensation provisions now permitted in preprinted contracts under Session Law 2025-52 * the NAR settlement practice changes, including written buyer agreements and the end of MLS offers of compensation * the FinCEN residential real estate reporting rule * new material on agent safety, construction and square footage standards, and the Good Funds Settlement ActThe 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 North Carolina 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 635 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: North Carolina Principles, Practices, and Laws* North Carolina License Regulation * North Carolina License Requirements * North Carolina License Status, Violations, & Discipline * North Carolina Agency Relationships * North Carolina Brokerage Practice Regulation * North Carolina Sales Contracts * North Carolina Property Management * Property Insurance * Other North Carolina Laws & PracticesChapter Tests Chapter Tests Answer Key Practice Examination Practice Examination Answer Key Glossary of General Real Estate Terms IndexFor students looking for a North Carolina-specific exam prep book, see our companion title, North Carolina Real Estate License Exam Prep.