Do you understand these statements and why? If not, keep reading—three quick articles follow that will clear things up. “If I gift my son more than $17,000 this year, I will owe taxes.” Wrong “It is good tax planning in most cases for a Senior Citizen to gift a long-owned home to avoid probate.” WRONG […]
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Today’s Thought: A Look Back at a Classic Post Gift Tax Part 1
Tax law flat isometric vector concept. People surrounded by the tax and justice attributes are disputing on something. Today I thought that I would revisit one of my favorite posts from the past. This information is still valuable today. Enjoy! And remember, everyone should have real estate license. After two years, you should have your […]
ANOTHER LOOK AT OPEN HOUSES
FROM A TRUE PROFESSIONAL JIM CASEY AND NON-TRADITIONAL BROKERAGE Today, I want to highlight Jim Casey, a Burbank Realtor and a friend. Jim was a national speaker, and I attended many of his presentations at the National Association of Realtors, the California Association of Realtors, and other locations. He was one of the “really” great […]
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 […]
Compass vs. Zillow: The Legal Battle Shaking Up Real Estate
24969898 – gavel against the background of the courthouse The real estate industry is no stranger to legal drama—but the latest lawsuit from Compass against Zillow could have far-reaching consequences for MLS policies, private listings, and even consumer access to homes. Compass claims Zillow is using its market power to suppress competition, but industry experts […]
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 […]
UNIVERSAL TRUTHS
What is a universal truth? A prime example is Murphy’s Law: “Anything that can go wrong will go wrong.” I have always added, “and at the worst possible time.” There were some other universal truths in a recent Roger’s Bacon Substack post. I have listed a few that are interesting to me. In The Grand […]
DRE ALERT! STAY INFORMED Continuing Education (CE) Audit Information
When a student completes one of our renewal courses, they receive a completion notice and instructions on how to print their certificate. Please note: we do not report course completions to the Department of Real Estate (DRE). At the time of license renewal, it is the licensee’s responsibility to certify completion of their continuing education […]
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 […]