Organizational Update and Expanded Topics: The chapters on contracts and transfers have been changed in their order to allow you to understand contracts before we learn about how transfers take place. The chapter on mortgages has been rewritten to reflect the dramatic shift in regulation in this area. The chapter on land development has, once again, been reorganized and revamped to reflect new issues and the downturn in real estate development. * Cases: In addition to new cases, all have been edited for better student understanding, while revised questions challenge the students" critical thinking skills. In addition, new cases have been added to the "Consider" feature as well as new chapter problems in every chapter. * Ethical Issues: These questions take the student beyond just the legal issues and ask them to evaluate conduct for its fairness and honesty in fact. * Case Selection and Updates: This edition contains cases pertaining to many issues affecting the real estate market, including environmental issues, foreclosures, eminent domain, unmarried cohabitants, and home owners" associations. * Excerpted Cases: Case facts are summarized by the author, and the opinions are presented in the language of the court.