Real Estate Principles: A Value Approach: 2026 Release ISE

Part 1: Setting The Stage
1. The Nature of Real Estate and Real Estate Markets


Part 2: Legal and Regulatory Determinants of Value
2. Legal Foundations to Value
3. Conveying Real Property Interests
4. Government Controls and Real Estate Markets


Part 3: Market Valuation and Appraisal
5. Market Determinants of Value
6. Forecasting Ownership Benefits and Value: Market Research
7. Valuation Using the Sales Comparison and Cost Approaches
8. Valuation Using the Income Approach


Part 4: Financing Home Ownership
9. Real Estate Finance: The Laws and Contracts
10. Residential Mortgage Types and Borrower Decisions
11. Sources of Funds for Residential Mortgages


Part 5: Brokering and Closing the Transaction
12. Real Estate Brokerage and Listing Contracts
13. Contracts for Sale and Closing


Part 6: Time, Opportunity Cost, and Value Decisions
14. The Effects of Time and Risk on Value
15. Mortgage Calculations and Decisions


Part 7: Financing and Investing in Commercial Real Estate
16. Commercial Mortgage Types and Decisions
17. Sources of Commercial Debt and Equity Capital
18. Investment Decisions: Ratios
19. Investment Decisions: NPV and IRR
20. Income Taxation and Value


Part 8: Creating and Maintaining Value 
21. Enhancing Value Through Ongoing Management
22. Leases and Property Types
23. Development: The Dynamics of Creating Value

Real Estate Principles: A Value Approach shows how value is at the core of every real estate decision. Students gain a value-oriented framework and practical tools for valuation, investment, and decision-making. The text reflects ongoing shifts in real estate finance and capital markets, preparing students to understand how property values are created, sustained, or diminished in today's dynamic environment.