For those of you who still need to complete these two new CE courses (if your license expires after 12/31/22), we have them available now! Check below. Existing Students: Click Here (Courses will be added to your Student Work Center automatically at no extra cost) Need the full 45 hours plus the two new courses to […]
Senate Bill 263 passed on September 2021, which states that licensees renewing on or after January 1st, 2023 must complete a new 2-Hour Implicit Bias Course and a Fair Housing Course with a New Interactive Participatory Component to fulfill their renewal requirement for their Salesperson’s or Broker’s license. DRE is currently in the process of […]
The Monthly Statistical Update (MSU) keeps agents and brokers current on the market trends affecting California real estate transactions. In the September 2022 MSU, we cover: the leveling of California home prices, with prices barely rising in May 2022; ARM rates, which have increased rapidly in 2022, soon to surpass FRM rates; and the widening mortgage rate spread, which indicates […]
There are many rental owners who have extensive equity. Now is a great time for them to consider a Like-for-Like 1031 Exchange. They should consider taking their equity and becoming owners of three rental homes or more. Think about it. You find one prospect and you have generated four transactions and maybe even more sides. […]
Yes, expired listings have a tendency to appear in a Buyer’s Market. You might consider working this field. The internet is alive with recommended scripts. There seems to be four comments from homeowners who have their homes “expired”; #1 – “We are staying with our current agent.” #2 – “We are taking the property off […]
This is a form of seller financing that happens when rates get too high and people do not qualify and sellers have equity. For example, Seller agrees to fund $200,000 and the existing loan is $400,000. A loan is established for $600,000 and it is a combination of the two loans and is recorded as […]
With the “Option to Buy” term a seller is bound to sell the property under the agreed terms but the buyer can decline at any time. With the “And Purchase” term, both parties are bound to the terms. There is a great discussion of this technique on Rocket Mortgage’s Website at rocketmortgage.com/leasepurchaseagreement.
In a seller’s market many contingencies are waived. Financing, appraisal, and inspection contingencies were not demanded by buyers in the last couple years so their offers would be more desirable. Now you will learn that there are two Home Sale Contingencies that some buyers might request. One is a Settlement Contingency and the other is […]
Terrible words for sellers, associates, and MLOs. This will require new negotiation skills. The first step for you might be to become familiar with the CAR form MT 6/19 version. This is a simple, one page, fits all form. Incidentally the name of the form is for the term Modification of Terms. Good luck out […]
Each month the MSU features three interrelated charts, presented in a dynamic video as well as a PDF. Collectively analyzed, these charts provide you and your students with insight and practical expectations about the future. The status of the real estate market is critical to inform your curriculum and marketing strategy — as well as […]
