A Close Amigo Of Mine Called To Discuss A Friend’s Problem She was getting cheated on a Trustee Sale of a home worth more than $1M. The home had a $400K+ loan and a second that was foreclosing for, let’s say, $130K. The lady was getting bad legal advice, no action, and it went to […]
In The Past I Have Mentioned Interesting Items From Some Of My Students I was reading the L.A. Times years ago, and it said that Pete Sampras had listed his unique Lake Sherwood estate for $25 million. I didn’t even need to read the entire article to know who was the listing agent. It was […]
In My Different Classes There Are Many Questions That A Majority Of The Students Fail To Answer Correctly I would like to present a few of them here for your enjoyment. The answers follow the questions. In California our loans involve a lender- Beneficiary, a borrower-Trustor, and a Trustee who handles reconveyance or any trustee […]
In The Past Years I Presented Many Live Seminars Up to six a week sometimes. It has been a sincere pleasure and especially gratifying when students from the past, past, past have come up and told me that they had used some of my advice over the years. A couple of quotes from them: To […]
There Is So Much Confusion About Getting A Real Estate Broker Or Salesperson License Or A Notary Commission Hopefully, this will answer any questions you may have now or later. Salesperson License To qualify to sit for the Department of Real Estate Salesperson Exam you must: Complete college-level statutory courses in Real Estate Principles, Real […]
Andrew Guilford Mentioned That Joel Mallord And He Had Written An Article About baseball’s Infield Fly Rule in 2015. It is written as a legal brief and was published in the University of Pennsylvania Law Review. At that Joel was a clerk in Andy’s office. In him college life he had been the head person […]
#1- Real Estate Licenses Must Be Renewed Every Four Years You can complete the continuing education requirements anytime during the four years of the license, but the State is very strict and you cannot send in your renewal application until 90 days before your license expires. #2- You Are On Time If You Complete Your […]
Someone Discussed A New (To Me) Type Of Investment Monetized Installment Sale (M453) Transactions. They were formerly called “collateralized installment sale” or “C453” transactions. They are based on Section 453 of the IRS Code. A Person Has Property With A Low Basis If they sell, large capital gains. If they do a 1031 Exchange, they […]
Last Week Somebody Asked Me For Any Ideas On How To Grow A Property Management Company The answer I wrote might be of interest to other readers so it follows: Join Apartment Associations and attend their meetings. Get your CPM designation through NAR as soon as possible. Start on the courses so you can state […]
It is my pleasure and privilege to share Summer Goralik’s latest blog. Enjoy. The Re-Launch of the “Department of Real Estate” and De-Commissioning of Commissioner Wayne Bell
