DRE Winter Bulletin There were many interesting sections in the DRE Winter Bulletin. A previous post discussed Missing Trust Fund Money. There were some interesting statements about Licensing in the Fiscal Year 19-20. At the end of FY 2019-20, DRE’s licensing population stood at 421,624, which included 291,759 salespersons and 129,865 brokers. This was a […]
Discussion Points of ARMs I would like to include a quote from Joffrey Long who is a hard working MLO and a Speaker of the Year for Duane Gomer Education and finds time to work as an Expert Witness on Foreclosures and other issues. He said, and I quote, “It does bring to mind the […]
Audits The Department of Real Estate performed 533 audits in the Fiscal Year ending on June 30, 2020. There were 166 with shortages or 33% of those investigated.As always, the leaders were the Property Managers. One hundred forty eight out of the 348 audited had a total shortage of $4,720,363. That is an average of […]
Joel Singer has been at the California Association of Realtors since1978 and has been the Chief Executive Officer since 1989. Forty-three years if you are counting, but the era will come to a close at the end of this year. I remember Joel when he started at CAR in 1978 as Chief Economist, and of […]
DFPI It is the Department of Financial Protection and Innovation. The name became official on September 29, 2020. Before that date it was known as the Department of Business Oversight. That name was adopted on July 1, 2013 when the Department of Corporations and the Department of Financial Institutions were merged. “A rose by any […]
This information is not from some dubious group, it is from Market Watch and our National Association. So with no further comments here are the top ten. Coeur d’Alene, Austin, Springfield OH, Billings, Spokane, Lafayette IN (Purdue), Reno, Concord and Manchester/Nashua NH, Santa-Watsonville. For more info; MarketWatch.com by Jacob Passy
Our trusted Orange County Register Columnist Jonathan Lanser headlined an April article, “OC hits record price of $820,000”. However, I read the smaller print and it said that single-family homes hit $910,000 after increasing 10% in one year. That is an increase of about $82,273 for the median home. NB, LB, Villa Park, etc. your […]
This bill was submitted by Rep Earl Blumenauer (D-OR) and Rep Jimmy Panetta (D-CA) on April 26th. Simple bill, no home for three years, buy one get the credit. For more info: Candyd Mendoza; 4/26/21; MPA.com
It is believed that citizens have come to realize this and fudge their returns. You think?. There is a proposal to give IRS an extra $80B this year and recoup over $700B dollars from wayward citizens. A 900% return on the investment. Sounds good to me. With all the new changes there is so little […]
DRE wants to remind licensees about the important California laws intended to address housing discrimination. Must be important because DRE has issued only one other alert in the past 19 months. The laws that they are addressing include the Unruh Civil Rights Act, FEHA, and Holden. They also reference Commissioner’s Regulation 2780, panic selling and […]
