This book is approved by the California Department of Real Estate. This text book serves as an introduction to the California Real Estate Industry. It covers such topics as ownership, use and enjoyment of land, real estate licensee activity, economics, legal aspects, finance, appraisal, property management, escrow, title insurance, taxation and governmental involvement. Each chapter is clearly outlined along with definitions of key terms. Charts and diagrams are also used to help illustrate certain concepts. Table of Contents as well as index are provided along with a relevant internet links to vital webpages.