This indispensable text has been updated to include a variety of contemporary topics, case studies, legal trends, and expanded discussions. Limited liability companies, condominiums, the Fair Housing Act, predatory lending, subprime loans, green development, and other key concepts are discussed in a straightforward, easy-to-read style. Case studies provide real-world examples of principles. This book is ideal for graduate or law students as well as for those seeking their real estate salesperson license or working in real estate development or property management.