An Oregon State Law effective January 1, 2022 has been blocked by a Federal Judge. The state legislature believed that letters written by prospective buyers to sellers telling why they should be picked as the buyer when there are many offers. Advocates state that the letters lead to housing discrimination and the judge said that […]
New and Improved The new RPA is now released and in widespread use across the State. There are so many positive improvements, most of which are right on the first page. Now all the key contract points are listed in an easy to read grid. C.A.R. has published an excellent QUICK GUIDE summarizing the changes. […]
In The Beginning In December of 1961 I received a Real Estate License from the California Department of Real Estate, Number 00257862. It is now December 2021 and I am still licensed and working. That is 60 years plus. This journey started after I had received a BS from Indiana University, an MBA from UCLA, […]
Mortgage Grader Jeff Lazerson is a friend, a student of Duane Gomer Education, a very active Mortgage Originator, and a columnist in our local Orange County Register plus 10 other newspapers in Southern California. He is an outstanding writer both from style and content. Periodically, I believe that his columns should be read by any […]
RE 149 – Licensee Statistics Just received some great news concerning DRE stats from October 2021. The famous RE149: Comparative Production Statistics is back. I love the monthly information it delivers. For example, the number of active licensees (broker and salespersons) are listed. The totals in all these categories are listed by current month (October […]
SB263 Beginning January 1, 2023 there will be a new 2 hour course required when Real Estate Licensees want to complete their 45 hours of Continuing Education every four years. The course is entitled, “Implicit Bias”. Senator Susan Rubio (D-Baldwin Park), the author said that “Systemic racism and bias can make it even more difficult […]
“The One” There are trustee sales every day. 11 to 14 years ago there were thousands every day in California. Why is this one interesting? The property is in Bel Air and the estate includes 105,000 square feet, measured.It was once listed for $500,000,000.00 and the default listed is for $165,000,000.00.A receiver is currently working […]
New RPA Periodically the California Association of Realtor’s Legal Staff improves old forms and creates new ones. This year they have made major changes to the Purchase Agreement. Have not yet got my Webinar with Gov or Neil so I do not know many of the changes. I will keep you posted. However, I can […]
Handwritten letter with pen Love Letters There was a recent column in the LA Times about the practice of a hopeful buyer writing a letter to the seller telling them why they should be selected from the covey of other offers. Many people are doing it. The column was on Sept 25th and written by […]
Three Types of MLOs There are three types of Mortgage Loan Originators in California: Registered: Employees of Banks, I call them the FDICers State Licensed Department of Real Estate MLO’s State Licensed Department of Financial Protection and Innovation In the latest figures available as of this writing (9/21), there are approximately 52,800 of State Licensed […]
