If you were born in 1952, or know someone who was, you better talk to your tax advisor immediately about the infamous Required Minimum Distribution (RMD) regulations. Beginning the year you turn 73 years of age, you are generally required to start taking withdrawals from your traditional IRA accounts and other similar accounts whether you want […]
Archive | Education
Exclusive Insight from Former Real Estate Commissioner Wayne Bell
We’re honored to feature an article written by Wayne Bell, former California Real Estate Commissioner. His in-depth perspective offers real value for real estate professionals—this isn’t a quick teaser, it’s a must-read full of substance. Don’t miss the opportunity to learn from one of the most respected voices in the industry. An Easy and Fundamental […]
Lawyers as Brokers
Today, we are presenting another outstanding offering by an industry leader, Wayne Bell. In the article, Wayne discusses the California laws concerning lawyers brokering properties. Interestingly, I have had the privilege of doing DRE license preparation classes for lawyers across the state. Yes, many of them read too much into every question, but they are […]
NMLS Renewal Information
NMLS recently sent the following email to Mortgage Loan Originators who had not yet completed their continuing education as of July 10th. In case you missed it, here’s a quick summary:As of July 10, your education record in NMLS shows “pending” because you have not yet completed continuing education (CE) for this year. CE is […]
PROPOSED REGS CONCERNING BUYER/BROKER AGENCY
The DRE has proposed new regulations concerning “Buyer-Broker Representation Agreements”. The new commissioner regulations—Sections 2908.1, 2908.2, and 2908.3—are part of AB 2992. I believe the best method to provide you the DRE information is to relay their notice. In pertinent part, AB 2992 provides a definition of a “buyer-broker representation agreement”, details minimum required terms […]
MORE UNIVERSAL TRUTHS
One of our recent emails about Universal Truths received some appreciated comments, so we’re including a few more. I’d like to start with one of my own. Gomer’s Law: “When beginning a new business or project, have no committee and keep your overhead low and your ego lower.” Akin’s 1st Law: “Engineering is done with […]
NEVER TOO LATE TO KEEP CLOSING
Many of you readers have closed sales recently. You drive yourself to work daily. As does Mary Wykes. One difference, she is 100 years of age. Hang in there everyone. https://www.nbcwashington.com/news/local/local-realtor-100-years-old-still-closing-deals/3915962
OPEN HOUSES COMING BACK?
When someone new got into real estate years ago, one of the first things they were told was to do open houses on their firm’s listings. Anybody remember these motivators from the past? Tommy Hopkins, Danny Cox, Danielle Kennedy, David Knox, Gary Watts, Daryl Davis, Brian Buffini, Michael Ferry, Noel Seaman, Dennis McKenzie, Richard Robinson, and yours […]
What Do You Want in Real Estate Education?
I am thinking of scheduling some educational classes for all real estate professionals, and would love your thoughts on what topics I should present. Basic Property Management How to get started, how to grow your business, and understanding all applicable regulations. Mortgage Loan Originators & Residential Agents: Working Together Strategies for collaboration that drive better […]
What Are Wayne Bell and Tricia Parkhurst Doing?
The two Department of Real Estate veterans have formed a new company to assist real estate professionals like you. According to their website (www.reaaca.com), their mission is to provide value-added guidance and support for real estate consumers and licensed professionals. To help you understand how valuable their expertise is, I have included extensive bios for […]