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About the Book


For nearly fifty years, Modern Real Estate Practice has set the industry standard for real estate education, with over 50,000 copies sold every year and over 3 million real estate professionals trained. The text covers the national real estate laws, principles, and practices that every real estate student must know in order to pass their state exam. Now, in this exciting 17th edition, Modern Real Estate Practice has been updated and revised to include new legislative and market information.

Modern Real Estate Practice is the core of component of Dearborn’s real estate learning system-- a family of products that, when used together, provide a complete principles package for students and instructors alike. Modern Real Estate Practice's ancillary products include:

Now available exclusively online, the Modern Real Estate Practice Test-Builders allow students and instructors to mix and match hundreds of questions into their own customized quizzes and exams.

  • A comprehensive Instructor’s Manual, containing PowerPoint presentations, chapter overviews, lecture outlines, and sample exam questions, plus a convenient and easy-to-use online exam building tool–all free to adopters and available online.
  • Real Estate Study Guide: a workbook featuring a variety of hands-on activities that reinforce the key concepts of our principles products, and adds an element of “fun” to learning complex principles.
  • Real Estate Study Guide (CD-ROM): a multimedia learning experience that includes animated interactive reviews and practice exercises covering all the key concepts.
  • Key Point Audio Review for Modern Real Estate Practice: audio CDs that cover key concepts and terms in a convenient format for studying on-the-go.
  • Flash Card Review: a tool that features over 600 key terms and concepts—including math concepts—in convenient and easy to use flash card format.
  • State Supplements: both the Practice & Law series and the Real Estate Basics books can be combined with our national principles products to provide customers with a complete principles course for their schools.

8 ½ ” x 11”, softcover
4-color cover
2-color text
Page count: 592
22 chapters

Author Profiles:

Modern Real Estate Practice is firmly rooted in the unique vision and high standards of its original authors. Fillmore W. Galaty was vice president of Chicago Title Insurance Company and a life director of the Home Builder’s Association of Greater Chicago. Wellington J. Allaway is a past vice president and instructor for Real Estate Education Company and worked in the real estate department of Northern Trust Company of Chicago. Robert C. Kyle is the former Chairman of the Board of Dearborn Financial Publishing, Inc., and a founder of the Real Estate Educators Association (REEA).

Today, Modern Real Estate Practice features the expertise of over one hundred real estate educators, practitioners, and industry experts, all of whom have contributed their expertise and talents to building the most complete, current, comprehensive, and reliable textbook possible.

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