Goodbye, CFPB Fines of $1 Outstanding article by David Lazarus about the current CFPB. The title, “Goodbye, CFPB Fines of $1”. This agency has always been controversial since it was designed by Elizabeth Warren and established by the Dodd Frank in 2011. One ironic situation is the status of the Director, who is currently Kathy […]
Unlicensed Fictitious Business Names Summer Goralik is very experienced in the field of DRE Compliance. Her resume includes several years at DRE as an investigator and author. Realty Times has posted an interview featuring Summer and the famous Terri Murphy. It discusses problems that can arise with the use of “unlicensed fictitious business names”. It […]
Refinancing In current advertising MLO’s are touting unbelievable low interest rates for homeowners. There are some as low as 2.19% on 30 year loans and 1.975% on 15 year loans. Now those are low rates. My question: In all of the ads I very rarely ever see any information on rental home interest rates. Being […]
Eagles in Sacramento Wayne Bell, former Real Estate Commissioner, and his son, Seth, a junior at University of Nevada, are bird watchers. Always admire people who have extreme patience to do this. This time they scored some excellent photos. I have a strong weakness for photos of eagles. These photos were taken not too far […]
Wayne Bell, California Real Estate Commissioner from 2013 to 2018 (and my favorite) posted four quotes recently and they make you think a little. And they are as appropriate today as when they were created. See what you think. “If you must take care that your opinions do not differ in the least from those […]
Cabinet Position “How tweets may cost Cabinet pick a job”. In a column by Doyle McManus the tweets of Neera Tanden are discussed. Joe Biden has mentioned that she would be his pick to be head of the Office of Management and Budget. A pretty prestigious position. However, over the past few years she has […]
I wrote a post about someone who saved $10 when buying a R.E. Education course and is now getting no service or bad service costing him lots of time. When making decisions, I believe you must know the value of your time so you can evaluate real costs. For example, if you want to gross […]
Civil Code A question arose in my Property Management Course #1 that involves the maximum amount of Security Deposits. The best explanation is Civil Code Section 1950.5(c). A landlord may not demand or receive security, however denominated, in an amount or value in excess of an amount equal to two months’ rent, in the […]
Student Inquiry The other day someone sent me an extensive email asking a complicated MLO question that wasn’t simple to answer. First, I checked to see if he has ever taken classes from us. None. When I phoned him, I asked him about this. He said that he used another company. I asked, “Why?” He […]
The New California Consumer Financial Protection Law A new Assembly Bill 1864 was published on 9/29/2020. It was passed as a trailing bill on the Budget Process so it went through fast. It will go into effect on Jan. 1, 2021. But another little bill was also passed to change the name of the DBO (Department […]
