Cost vs Value When you take a class LIVE there will be more cost than an online course, which is understandable. Speakers must be paid and meeting rooms must be rented. BUT, there are many logical advantages: 1. You do not have to be on a boring computer for long periods of time. One day […]
Department of Business Oversight Found this information in a strange place, on the Department of Business Oversight website. This is the Department which licenses almost everyone in California (they do not license DRE applicants since July 2018). I was reading the May Revisions to the 2019-2020 Budget that became effective on July 1, 2019. The […]
Membership It was interesting to me to read the NAR 2018 Year in Review on their website. Some facts: There were 1,359,208 members and they worked with 8,871,992 consumers in 2018. Causes NAR contributed $24.85M to political causes. So, each of us Realtors contributed $18.28 to various causes. Hope mine went to a cause that […]
Jumbo vs HECM It is rather simple. It is a larger Reverse Mortgage than the HECM (FHA-Home Equity Conversion Mortgage) everyone has been talking about. These loans are particularly interesting in California because of our higher median prices on homes. Even I have noticed that. What is different in a jumbo? Larger funding limits, in […]
Sanctions The DRE sanctions hundreds of licensees monthly. Some serious mistakes and some that are not so serious. The information is posted monthly to the DRE website and remains there forever. I miss seeing the rulings in the quarterly bulletins. First thing we all used to read. This is similar to the CAR Wall of […]
Opinions To me the answer to that question is that you should do open houses in any market. However, I wanted to get opinions from two experts whom I have observed closely for years, Martha and John Karelius. Martha enjoyed a four decades long career in South OC and John excelled in Ventura county and […]
1. We have the best instructors. 2. We have the most current and most valuable materials. 3. Best in the West; in business since 1963 so we have learned a thing or two. Our procedures are organized to save you time and worry. 4. Been a member of BBB for almost 60 years and have […]
Since our company started presenting MLO classes, there is one word I have heard constantly: Compliance. As in “Before I do that, I will have to check with my compliance officer.” These people wield tremendous power. Whenever I want a basic definition of a word, I go to Webster’s out of habit. What does Webster’s […]
New changes were passed by the State Senate and Assembly in 2018. The foreclosure volume has almost disappeared, but it is never too late to study foreclosure regulations to “protect your clients.” For more information, I recommend this article from Nolo.com. They are known for protecting tenants and as a Property Manage (CPM) for decades […]
The optional usage of this new form was to be July 1, 2019. That happens to be the day that I am writing this note, and it is not happening. All the GSE’s got together and postponed that date. They are going to complete more reviews and improve sections. English Translation: Lobbyists win again and […]
