Errata (2012-09-24) At Dearborn™ Real Estate Education, we are proud of our reputation for providing the most complete, current, and accurate information in all our products. We are committed to ensuring the kind of quality you rely on. Please note the following changes, which will be reflected in the next printing of Modern Real Estate Practice, Eighteenth Edition. Page/Location Was Change to 4, second sentence of second A real estate broker acts A real estate broker acts paragraph under Estate: A “Real Business of Many Specializations” 36, sentence of second full individual retirement individual retirement accounts paragraph (IRAs) (IRAs) 109, key condemnation condemnation deed restrictions covenants, conditions, and restrictions (CC&Rs) deed restrictions 126, bulleted list In severalty, In severalty, title is held by one title is held by one individual or individual or corporation corporation In In where title is title is held by two or more held by two or more individuals individuals In trust, In where a neutral trust, where a neutral individual holds title for individual holds title for the benefit of another the benefit of another 126, fourth paragraph Most states recognize various Most states recognize various forms of co-ownership. forms of co-ownership. 133, last sentence of Low-rises, town houses, and Low-rises and detached paragraph detached structures can all be structures can also be condominiums. condominiums. 134, 8.2, second row under Town houses are often Town houses are organized House” organized as condominiums. as associations. “Town 141, question 4 A man owns one of 20 town A man owns one of 20 units in a houses in fee simple, building in fee simple, 143, key terms rectangular (government) rectangular survey system survey system 154, first paragraph have local official datum have a official datum 154, A-head LAND ACQUISITION [change to C-head] COSTS
Errata (2012-09-24) At Dearborn™ Real Estate Education, we are proud of our reputation for providing the most complete, current, and accurate information in all our products. We are committed to ensuring the kind of quality you rely on. Please note the following changes, which will be reflected in the next printing of Modern Real Estate Practice, Eighteenth Edition. Page/Location Was Change to 4, second sentence of second paragraph under “Real Estate: A Business of Many Specializations” A real estate broker acts A real estate broker acts 36, sentence of second full paragraph individual retirement (IRAs) individual retirement accounts (IRAs) 109, key condemnation deed restrictions condemnation covenants, conditions, and restrictions (CC&Rs) deed restrictions 126, bulleted list In severalty, title is held by one individual or corporation In title is held by two or more individuals In trust, where a neutral individual holds title for the benefit of another In severalty, title is held by one individual or corporation In where title is held by two or more individuals In trust, where a neutral individual holds title for the benefit of another 126, fourth paragraph Most states recognize various forms of co-ownership. Most states recognize various forms of co-ownership. 133, last sentence of paragraph Low-rises, town houses, and detached structures can all be condominiums. Low-rises and detached structures can also be condominiums. 134, 8.2, second row under “Town House” Town houses are often organized as condominiums. Town houses are organized as associations. 141, question 4 A man owns one of 20 town houses in fee simple, A man owns one of 20 units in a building in fee simple, 143, key terms rectangular (government) survey system rectangular survey system 154, first paragraph have local official datum have a official datum 154, A-head LAND ACQUISITION COSTS [change to C-head]
MREP_18E_Errata_(2012-09-24).docx