About CFPB This agency has been controversial since the day it was established by the Dodd-Frank Act. The Democrats said that it would protect consumers and the Republicans said that it was excessive regulation. We will not discuss that topic today, but their website is a great source of information for Real Estate Professionals. cfpb.gov […]
Outstanding Source of Material – The State Department of Real Estate For Real Estate Professionals an outstanding source of material would be the State Department of Real Estate (dre.ca.gov). So many facets from Licensee Lookup to Forms to Publications to Bulletins to Statistics to Alerts to Information on a vast amount of topics. On the […]
Outstanding Source of Material – The Internal Revenue Service This URL should be in your special group; irs.gov. I use it all the time. In the recent past I have visited the site for information on Equity Sharing, Mandatory Distribution of IRA’s, Standard Deduction, 1031 Exchange, 2018 Changes, Tax Rates, Passive Losses, Residence Gain Exclusion, […]
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New Regulations When new regulations are passed, it is important to know where to find information. Hud.gov is and has been a great source for many years. It is time that you might visit it. URLA Update In Residential Lending the go-to application for many years has been the Uniform Residential Loan Application (Form #1003 […]
If you want there to be a change in your life, you must make some changes.Peter Drucker Another Druckerism – In this type of market, you should not spend excessive time making extensive long-term business plans. You should analyze the chaos around you and react quickly. How About Equity Sharing, Seller Carrybacks, Syndication? 1. Equity […]
As a real estate professional there are two items that will, in my opinion, determine your success. First, you must have a firm knowledge of regulations, disclosures, forms, marketing, values, etc. Second, you must develop a database of clients past, present and future. I Would Like To Address The Knowledge Factor You should never […]
It has been a sincere pleasure and especially gratifying when students from the past, past, past have come up and told me that they had used some of my advice over the years. A couple of quotes from them: To be successful in a small business, keep your overhead low and your ego low. Being […]
In My Different Classes, There Are Many Questions That A Majority Of The Students Fail To Answer Correctly I would like to present a few of them here for your enjoyment. The answers follow the questions. Which is worse in a trust fund, commingling or conversion?An IRS lien would be a junior or a senior […]
That Old Myth Of More Liability For Broker Associates Is Just That, An Old Myth E & O insurance companies don’t increase fees for Broker Associates. E & O knows liability better than brokers. Might Brokers who have a license be using that myth to keep salespersons from becoming brokers? Might a salesperson use that […]
