Tax Base Transfer Proposition 60 pertains to a regulation passed in California in 1986. It pertains to someone over the age of 55 who sells a house that has a comparatively low tax assessment to the current fair market value. This is due to the restrictions placed on property tax increases by Prop 13. The homeowner […]
Author Archive | Duane Gomer
What Would Be Good Questions To Ask When Interviewing
Interviewing Prospects In our Property Management Series the topic of interviewing prospects was discussed at length. In my opinion there are three facets to personnel situations. They are hiring, training and managing. When I look back on errors that I have made (and I have made many), I believe that I screwed up the most […]
Real Estate Vocabulary For Buyers and Sellers
Pocket Listing Pocket Listing: This is a listing of a broker member of the local Multiple Listing Service that is not placed into the Service. Do all listings have to be submitted to Multiple? No. Exceptions are: Listings for apartment houses, commercial buildings, etc.Listings out of the local area not covered by the Multiple. Listings […]
MLOs Thinking About Taking Our Live 8 Hour CE Course
LIVE is Better First, let’s agree that LIVE is better. Much better than sitting at a computer all day and night and taking an exam. The caliber of any LIVE course is decided in a great part by the caliber of the instructor. Read some recent comments on our instructors. 100% Satisfaction We have […]
Income Tax At Its Birth In 1913
History of IRS Form 1040 A reader of my emails, Jonathan Hubbell, was generous enough to send me a most interesting form. He is a Broker Associate at First Team Real Estate in Mission Viejo. The form was the very first IRS Form 1040. He properly corrected a statement that I had made that Income […]
WHERE AM I TODAY?
John Hancock Tower I posted this photo on Facebook a few days ago, and many people knew the answer. In front of a green screen, but it was on the 94th Floor of the John Hancock Tower on Michigan Blvd in Chicago, Chi-Town, Windy City, the toddling town, etc. Michigan Avenue The Magnificent Mile on […]
FINANCIAL ASSESSMENT FOR RM’S IS WORKING
Acquiring Date In its fifth year, FHA’s policy of requiring the financial assessment of the borrower’s ability to pay has cut tax and insurance defaults by over three quarters and serious defaults by over two-thirds. This article by New View Advisors quotes Ginnie Mae data, they state, “We grade Financial Assessment’s performance as a solid […]
TODAY AT 23312 MADERO, MV
Go Raptors I just got my new Toronto Raptor shirt – Go Kawhi Leonard #2. I have been supporting so many teams that never win, I figured that I would support Toronto. #2 being from Inland Empire and an Aztec made it easy. But I loved Fred VanVleet’s final games. Wichita State Shocker, listed at […]
WE GET COMMENTS
Class Feedback This comment was posted on Facebook after our July 19th MLO seminar at OCAR. “You and your group really killed it today. I have been attending your MLO seminars for the last ten years and yesterday was the best and the funniest ever. Thank you.” Now that is just nice. Thank you to […]
HAVE YOU BEEN GHOSTED AT WORK?
Don’t get Ghosted The sub-title of this article is: “How to ensure new hires show up and job candidates don’t suddenly vanish.” We had a couple customer service people move away, one had a baby, so we were in hiring mode. Ghosting has happened to us, and we are nice people. Play by Play Candidates […]