We have an outstanding (low priced) home study course. You can do it at home or in your office or at the beach. Get started now. Go to MLO CE Online. Same low price, all new materials. To register and/or to see the upcoming MLO schedule go to our website at 2019 MLO CE Schedule or […]
How Many Registered DRE MLO’s Are There?
The list on their Website has 26,400 names, but many of those names are duplicates for Corporations and Officers. My best guess is there are about 6,900 Salespersons and 11,500 Brokers. So there is room for lots more. Come on over FDIC. You might enjoy the waters.
Going From FDIC To State Licensed
The requirements are completing a 20 Hour Pre-Licensure Class and taking the NMLS exam for the MLO part. Then, complete 3 College Level Real Estate Classes and pass the State Real Estate Exam. Most people doing this also complete two License Prep Crash Courses. Can it be done in 120 days? Yes. Is it easy? […]
State Rent Control – Assembly Bill 1482
The bill will restrict landlords from raising rents by more than 5% plus the regional Consumer Price Index which is about 2.5% in any year. Again in this bill there are exceptions. Less than then years old, and buildings owned by landlords with 10 or fewer single-family units. For more information: https://www.lamag.com/citythinkblog/california-rent-control/
Independent Contractor Law Change – Assembly Bill 5
A small number, a big change for California. It codifies a stricter set of requirements laid out in a California Supreme Court decision regarding the classifying of employees. Simple English: More 1099’s will become W-2’s. You should check to see who lobbied and got exceptions. Doctors, dentists, insurance agents, stockbrokers, lawyers, accountants, engineers, and real […]
From FDIC to The Good Guys – US Senate Bill 1753
This bill is waiting signature by the Governor as of 9/16/19. His comments on payday lenders during the 2018 election indicates that he will sign it. This is the first change in 30 plus years. Lenders can ONLY charge 36% plus the Federal Funds Rate which currently is 2%. This rate applies to loans from […]
Interest Rate Caps – Assembly Bill 539
This bill is waiting signature by the Governor as of 9/16/19. His comments on payday lenders during the 2018 election indicates that he will sign it. This is the first change in 30 plus years. Lenders can ONLY charge 36% plus the Federal Funds Rate which currently is 2%. This rate applies to loans from […]
Renew MLO in a LIVE Class in October
We have locations all over the State waiting for you with your favorite instructors. For the full schedule, please go to 2019 MLO CE Schedule or call 800-439-4909.
JIM ESZLINGER, SPEAKER SUPREME
Best in the West Periodically we like to highlight some of our outstanding and long standing instructors. Today, Mr. Speaker James E. He is a true winner and we are so fortunate to have him working with us and for us. Best in the West. Jim went to high school in Ashley, North Dakota and […]
NUMBERS FROM DRE
DRE Form 149 Just received the 2019 DRE Form 149 for the Fiscal Year ending June 30, 2019. This is a form prepared by the DRE and sent to me each month. If you would like a copy, please go to our blog at www.duanegomer.info. Trends Some interesting and disappointing facts for a Real Estate […]