WHAT ARE THE RULES ABOUT TAKING THE CALBRE EXAMS?
#1- The salesperson exam is 3 hours and 15 minutes with 150 multiple choice questions (1.3 minutes per), 70% passing grade
#2- The broker exam is 5 hours with 200 multiple choice questions (1.5 minutes each, broker questions must be considered more difficult, you think), 75% passing grade
#3- Exams are offered in Fresno, La Palma, Oakland, Sacramento, and San Diego
#4- They are presented in computer format, and because of this change, your results will given to you upon completion. If you pass, no grade will be given. If you fail, you are given your grade, and an indication on how you did on the separate sections.
#5- Valid photo ID is needed; DMV card or license, Passports (US and others), U.S. Military Card
#6- Many items are not allowed in the classroom: cell phones, purses, wallets, backpacks and others, food or drink, study materials, PDA’s or computers, calculators, cameras, recorders, watches, pens, hats, lapel pins, tie tacs, weapons, and other items deemed inappropriate. No guns even if you have a carry permit and leave those tie tacs at home.
#7- Cell phones are locked up so they cannot be used even when you take a break
#8- Basic calculators are provided, and the key word here is basic
#9- You cannot inspect your answer sheet after the exam
#10- Penalties are discussed in Business and Professions Code 123 and others. The same old, same old. Except stealing exam questions, using stolen exam questions, taking exam materials out of the class, copying answers or allowing copying, taking an exam for someone else, talking in class, etc. has a penalty of $10,000 and the costs of the litigation.
#11- You can reapply to take the exam after you are told you failed.
#12- No limit on many times you can take the exam in the two year period. The fee to retake the exam is $60 salesperson/$95 broker. If two years pass, you can continue taking it but you must submit a new application and meet the current Statutory requirements.
It is an easy process so if you have any questions, call our live staff and ask away. 800-439-4909. See you in class.
A BRIEF COMMERCIAL TO ACQUAINT YOU WITH DUANE GOMER EDUCATION
Question for today: Why should you pick a California company for Real Estate, Notary, and MLO education?
I am glad that you asked that question. There are many fine National Education Companies, BUT they are also some that are not so good. The problem: some of them do not have a clear knowledge of California regulations. Some companies on the Internet are from Ohio, Wisconsin, Illinois, Tennessee, Utah, Oregon, South Dakota, Colorado, and many other parts of our great country.
*We are getting calls that some firms from out of state are not aware of the new required course on Management and Supervision.
*Many of their exam questions illustrate, for example, that states east of the Rockies do not have Trustee Sales and Use Abstracts of Title. One book we purchased from an Ohio company thought that all MLO’s are licensed by the Department of Business Oversight forgetting the California Bureau of Real Estate.
*Some salespersons want to get a Broker’s license, but cannot remember which three courses they completed for their first license. We have staff that understand this and are ready to call an extension at the BRE and get you an answer.
*Many out of state staff are not aware of the “Equivalent Experience” rules for Broker applicants.
*We recommend that applicants pay their application fee and exam fee at the same time so when they hit submit and get their passing grade they get their license immediately.
*Our staff knows the Associations and top companies around the State. We know that someone from Downey is not too far from a class in Anaheim or Cerritos.
*Our staff includes many real estate and notary licensees. They walked the walk and now they can talk the talk. Want someone licensed; ask for Duane, Bob, DJ, Lea-Ann, Carole, Christie, Grace, etc.
Want to get or renew a Real Estate Salesperson License, a Broker’s License, a Notary Commission or an MLO endorsement, call Duane Gomer Education. We have live people who can answer the phone or you can email us, you can text us, you can mail us, you can fax us, you can Facebook message us, you can contact us on Linked-In or you can come n into our office. We are ready to serve and earn your return business.
The mantra of our company is that we want to do such a respected and appreciated presentation that you return. We have built a business based on returning students since the start of Continuing Education for Real Estate in 1978.
To all of our past students: keep in touch, let us know how you are doing. See you in class!
We can talk all we want about our company, but I want to give you just two short testimonials we received recently:
These guys are incredible! I tried online courses for 3 years before trying Duane Gomer and dreaded it each year. Now I look forward to attending the class because I learn so much and it is actually fun!
An outstanding teacher. Highly focused material. Up to the moment information and documentation. Best CE session that I have experienced in my 29 years in this career.
So this is a short commercial. See you in class.
LATEST NEWS FROM CALBRE
#1 – Number of agents as of Feb. 29, 2016: 412,815 and a big increase of 223 over the last month and an increase of 2,806 from last year and a decrease of 1,951 from two years ago. Still a long way to go to top 2008 when there were around 550,000.
#2 – The number of Brokers is dropping, only 135,352, a decrease of 3,662 from two years ago. Only 353 new brokers licensed last month. And it will be going lower.
#3 – Passing rate for February for Salespersons is: 53%; getting better compared to 48% two years ago. Time to take the test!
#4 – The passing rate for Brokers in February was 57%; getting better compared to 45% two years ago. Time to take the test!
#5 – Interesting renewal rates: 93% for salespersons compared to 74% two years ago. People are staying around as only 7% retired or passed away.
#6 – Renewal rate for brokers: 106%; how can it be more than 100%; the renewal rate is normally around 90%, but January was only 75% so many licensees must have been paying some late fees, which is 50% of the regular fees or $150.00
#7 – Investigations, Audits, Accusations, etc. all dropped.
Conclusions from the owner of an Education Company:
#1 – Sales examinations scheduled, increased to 31,266 for YTD this year from 25,935 in 2014. They are coming back. Passing rates are higher and the market has improved. Time to call Duane Gomer Education to register! Take three required courses and test prep course and join up. IT takes at least 53 days to complete. Do not have all the money at this time: We have a payment plan. See you in class!
#2 – Salespersons with two years’ experience can start on your broker courses. There will be a true shortage shortly. The CAR Directors sponsored a bill to disallow an applicant with any college degree to take this exam in lieu of two years of full-time work. Now only a Real Estate Major or Minor is allowed. (How many schools in Ca. have Real Estate Degrees?) This means the number of brokers has dropped and will drop further. There will be a shortage of brokers before much time passes. Also, the percentage of College Graduates in the business has dropped and will drop further. Guess the existing Brokers and CAR got their wish. Call Duane Gomer Education and get started on a new trail. See you in class!
#3 – Final thought: Getting a license is not simple. We have a great staff, many of them licensed, to answer your questions about Sales and Broker Exams. Call us and we can answer all of your questions.
Yes, you can sign up online, but many computer experts do not sign up for the proper courses. We are live and in living color.
NEED SOME ADVICE FROM YOU EXPERTS
We are doing an extensive rehab of our web-site to make it more social networking friendly and while doing so to improve some aspects. Time to change our mantra/slogan, mission statement, and description of what we do. The description is simple and already completed. I would like to discuss slogans and mission statement with you experts.
Most of the mission statements that I researched online were one sentence. However, H and R Block’s is about 14 long lines long. But I am searching for one good sentence.
Some mantra examples with no comment: Micron: Performance. Power. Reliability; CVS: Expect Something Extra; Estee Lauder: Bringing the best to everyone we touch; World Savings: How may we help you? (I guess they helped too many people to unsuitable loans); Owens and Minor: Delivering the difference; Jabel Circuits: Focused on Excellence.
Mission Statements: CVS: We will be the easiest pharmacy retailer for customers to use; Lockheed: We never forget who we are working for; Micron: Be the most efficient provider of semiconducter solutions. So many statements, so little time.
What do I want to work into mine? Want repeat students and raving fans; be creative and offer the best in education; constantly improving and growing, appreciate all students; extremely informative but still fun, be the company you think of when you think of real estate education, etc.
Any of you got any ideas? Free renewal course if any of your terms are used. Email any suggestions to Emily.Ponce@duanegomer.com. Onward and Upward with DGE; DGE, the Career Builder, how to choose.
TAX TIME, TAX TIME, TAX TIME
You at least get more time this year. April 15th is normal as you know, but Washington DC observes its Emancipation Day on that date so it goes to Monday, April 18th. If you are from Maine or Mass., you know that is Patriot’s day so you get until the 19th.
Do not have the money: go ahead and file your return or extension anyway because the late filing levy is 5% a month (this is called the Don Cordelone rule).
To avoid other penalties when you file the extension, send them some money. You can do it by check, IRS Direct Pay, or use your credit or debit card. Or there is an online payment agreement, and you can set up an installment plan and add more to our national deficit. There is even a penalty abatement program for first time offenders. Do not call. I say do not call that number you hear in radio and TV ads.
There are many alerts going out about scams at this time of the year. I got my first call a few days ago. “IRS is filing a law suit against you for this year so please call this number at once.” Do not call to complain about the call, you get put on another call more often list.
Note for Real Estaters: Guarino, TC Summ. Op. 2016-12: Mr. Guarino, a taxpayer in the business of brokering mortgages received a commission in connection with his purchase of a resident. That is income, pay tax. However, the Court ruled no self-employment tax because it was a personal transaction. For all you future Mr. Guarinos, when you are buying a property as a broker, negotiate a price with the normal commission and when feasible, renegotiate the price down with no commission for you.
One step further: When I did syndication investments on apartment houses, I normally took my commission as a 3rd on the property. This was to allow better leverage for the investors, a buffer on payments, and if the property was not successful, I got no money. One time IRS said, “You got a note for this much money.” Pay tax. I illustrated to them that just after the close; I went to a FDIC bank and asked them to buy the note. They said that the note was worthless to them at that time as a 3rd on a rental. I showed this to IRS and passed that audit item. I paid tax on the note when I got paid as the property was sold or traded, as the Lord intended.
MORE TAX STUFF; IT IS THAT TIME OF YEAR FOR QUICK TALK
++ Your chance of being audited on your 2015 return was 0.84%. Less than one in one hundred overall, extremely rare to be audited on under $50,000 gross income.
++ Over $1M the chance is 9.55%.
++ But want to increase your chances, use home as an office, pay lots of dividends to yourself from self-owned company, have high medical, be a Real Estate Professional and deduct your Passive Losses, lots of auto mileage, a hobby with losses over income,
++ Small corporations are 0.92%. Why does it always seem that they are always picking on me?
++ IRS wants to control paid preparers by requiring competency exams. They want the paid boys with more than ten partnership/corporation returns to file electronically as they must now with ten individual returns. This one I agree with the IRS which does not happen very often.
++ A judge went to Tax Court as he wanted to deduct employee business expenses above the line because he is a public official. No go.
++ IRS is going door-to-door on preparers who are screwing around with the earned income credit. Big fraud.
++ Bartender can’t write off cost of business clothes even though his boss required all black. The Tax Court said no, as they “could be worn outside his workplace.” One auditor asked about my Polo bill for clothes and cleaning charges. I showed him my shirts and pants. They were embroidered with “Duane Gomer Seminars”, so they were deductible. I get so many good contacts walking around with my name on my shirt.
JUNE 9TH; NEW LAW TAKES EFFECT: END OF LIFE OPTION ACT
Hope you and I and all of our close people never have to worry about this, but understanding it would not be wrong no matter where you stand on the topic.
There are many restrictions. My Grandpa Gomer was a tough old German immigrant who at 84ish had constant terrific pain. It was difficult to see this man suffer so much and pleading for help. This law might have been considered.
Be a resident of California, 18 years of age or older and terminally ill with a capacity to self-administer.
Two physicians must confirm prognosis of six months or less to live and certify the patient has capacity.
Two oral requests a minimum of 15 days apart and one written with two witnesses present always.
Participation is voluntary for doctors, hospitals and pharmacists.
Patient can rescind.
Physicians must provide end of life alternatives.
To read the law: bit.ly/1CW1e4
Of course, this law will be tested in court by somebody so let’s hope that the appellate courts know what they are doing, for if it goes to SCOTUS, the vote will be 4 to 4.
So many things to think about, I now know how you felt Scarlet.
APRIL 1ST BIRTHDAYS; DON’T KNOW IF I WANT THAT ONE
Reading my hard copy newspaper at lunch at my new favorite regular hamburger place (Habit with tempura beans). I noted that three people of whom I am aware have birthdays on 4/1. Most of you are too young to know them.
Jane Powell-87; Debbie Reynolds-84; Ali MacGraw-77;
Jane Powell was in one of my most favorite musicals of all time, “Seven Brides for Seven Brothers” with Howard Keel. The dance scene at the building of the school house is number one of all-time. Anyone who loves dance can tell at once that was choreographed by Michael Kidd. However, one of her first movies (Date with Judy) is a pleasant movie memory, not that it was good for a high school senior boy, but it was the only one in town one afternoon.
Nicky Gallis and I played in the State Junior Boys Double Quarterfinals at Washington Park in Milwaukee. We were the hillbillies from Racine, but we beat the number two seeded team in the morning (Mackey Worth and Nelson Wild). We were scheduled to play in the semifinals against Wayne Cody and John Schulte in the afternoon. Date with Judy came in between.
Came back in the afternoon, and it would be nice to say that we beat them, but we lost in three long sets. They were number one seeded in Wisconsin and won the finals in straight sets the next day. However, we learned that day that we could play with anyone in the Midwest.
Debbie Reynolds from Burbank: So many great movies. Tender Trap with Frank, The Unsinkable Molly Brown, but the one from 1952 is “Singing in the Rain” another tops of all time. O’Connor, Gene and Debbie; and Jean Hagen as the unsinging actress.
Ali MacGraw: Love Story, Goodbye Columbus, and Getaway. She was a true star and still looks fine. McQueen and MacGraw.
It is also Rachel Maddow’s 43rd, but no political discussions today.
A LINK WORTH LISTENING TO:
This link was sent to me by Jim Arthur, one of our loyal students. He remembered from class that I had said I lived by the Lone Ranger, Clayton Moore, for many years. Clayton and I both liked the Association spa set at about 110%, many long talks.
This rendition of the Bill Tell Overture by Glen Campbell is outstanding. Worth a 3 minute listen. As you probably know, Campbell was a studio guitarist before going solo. He can sure pick. Saw that documentary of his last tour, enjoyed it lots.
Father John Taylor: you have to check and copy his technique of playing on top of his head.
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