Trust Fund Management In my real estate classes I ask a question and many licensees do not know the correct answer. Ready? What is a worse crime in Trust Fund Management? Commingling or Conversion. They answer commingling because licensees are taught from their first class, never mix your personal funds with trust funds. Conversion according […]
Archive | Real Estate General
UNIFORM RESIDENTIAL LOAN APPLICATION CHANGING
URLA Changes Yes, the URLA that you have been using is a-changing. Optional use of the new rendition begins July 1, 2019 (in less than a month) and mandatory usage begins February 1, 2020. Important point to consider. New Lender Loan Information Form There will be a new Lender Loan Information Form. This information was […]
AVOID A DRE AUDIT
Path to Success To help DRE MLO’s to stay on the straight and narrow path to success, the DRE has prepared a manual that should be used by all MLO’s. This includes Brokers, MLO’s, and all the staff in a company. Trust Funds One of the most important sections is use of a Trust Fund. […]
WHY USE DUANE GOMER EDUCATION?
What makes an education company successful? It’s simple: 1. Staff Find some nice people who are happy to help people and who are trained to know the important answers to all questions. 2. Content Have constantly updated materials that are not boring. 3. Online Make sure your computer programs for online courses are simple and […]
LET’S STAY SIMPLE TODAY. BREVITY IS APPRECIATED.
Education Duane Gomer Seminars can assist in many aspects of your education. 1. Get and renew any Real Estate Salesperson’s or Broker’s license, Notary Commission or Mortgage Loan Officer Certification. 2. Complete all qualifying courses for Real Estate Sales and Broker Sales, Notary Commissions and MLO certifications. 3. Use our Exam Prep Crash Course (Test […]
LONGEST WORDS
Antidisestablishmentarianism Many years ago at Benjamin Franklin Junior High in Racine, WI, Miss Bolton taught our English class that the longest word in any English Dictionary was Antidisestablishmentarianism. Cambridge English Dictionary Definition: “Opposition to the belief that there should not be an official relationship between a country’s government and its national church.” Pneumonoultramicroscopicsilicovolcanoconiosis I asked […]
VOCABULARY WEEK: Article #5
DATING For years, I have used Real Estate terms to discuss dating. They do work. See what is available on the market – Caravanning Liking one more than the rest – Open Listing Exclusive Listing – Going Steady Opening Escrow – Getting Engaged Closing Escrow – Getting Married Subdivision – Children Notice of […]
VOCABULARY WEEK: Article #4
Disintermediation: “This is the relatively sudden withdrawal of substantial sums of money from savings and loans, banks, etc.” It could be an interesting number to watch in the coming months. Disintermediation occurs when inflation rates are high and bank interest rates are stagnant. The depositors believe that they can get better returns by investing in […]
VOCABULARY WEEK: Article #3
DRE Exam Words There are two words that seem to appear regularly on the DRE State Exams for Brokers and Salespersons. They are like so many other words that appear on the exams which you will never use again in your Real Estate Career. I learned that there are 43,560 square feet in an acre […]
VOCABULARY WEEK: Article #2
ESTOPPEL: This has been a favorite word of mine ever since I learned the meaning on my first apartment house sale many decades ago (46 units in North Hollywood). If you ever will be a buyer, seller, listing agent, or selling agent of any property with rents, you should learn the meaning of this word […]