Median prices are splashed all over websites, blogs, texts, and even by some hard copy newspapers. But what do they mean to me. Do I really care what the national median price is or what the median price is in Lake County or even in my own Orange County? What do they mean for the […]
Check Out the CalBRE Winter Bulletin; Vol. 75 #4
What Happened to the Sanctions/Penalties Section? For many years, the DRE used to send licensees a Quarterly Bulletin concerning important aspects of Real Estate Licensing. For long-time veterans, you know that the first thing that we did when we received our copy in the mail was to check the Sanctions/Penalties, and to see if we […]
Movie Review: “Becoming Warren Buffett”
There is a new HBO documentary based on the life and ideals of Warren Buffett: “The Oracle of Omaha”, considered an all-time, number one investor in the US of A. My wife DJ and I think the movie is outstanding. Developed by Peter Kunhardt, he also did documentaries on Richard Nixon and Oprah. It was […]
15 Things NAR Members Should Know about the New Ethics Requirements
New Ethics Requirements for NAR Members There is a new Ethics regulation implemented by the National Association of Realtors that has not been widely distributed. I heard about this latest change from our instructor, Judy Wagner, who heard about it from someone at her Association. Thank you to our Speaker of the Year. #1–Who […]
Another Look at Median Prices in California
The Median Price at the End of December was $509K However, the median varies greatly for different counties. Highest in the State is Marin at $942K followed by San Mateo at $895K. The highest in Southern California is Orange County at $661K, while the lowest in So. Cal. is San Bernardino at $192K. So if […]
Unlawful Detainer Action Only for Material Tenant Breach
The Courts Giveth and the Courts Taketh Away. A few months ago, a number of California landlords and their attorneys had the unusual sense that the courts had indeed given them something. On October 1, 2015 a decision was filed in the case of Boston LLC v. Juan Juarez (Appellate Division, Los Angeles County Superior […]
2014-2015 CalBRE Licensee Report
(From July 1, 2014 to June 30, 2015) #1- The number of Licensees dropped by 2,028 from 412,835 to 410,807 Licensees. #2- However, this number did increase from May of this year to June by a whole 437; it finally might continue upward again. I know present licensees would like the number to drop, but you do […]
FHA AND VA CERTIFICATION ARE USEFUL FOR CONDOMINIUM DEVELOPMENTS
Buyers who qualify for FHA and/or VA mortgages are frequently shut out of purchasing opportunities because there are many condominium developments that have not obtained approval from the FHA or VA. A recently-approved law in California aims to help rectify that situation. On Wednesday, August 12, Governor Jerry Brown signed into law Assembly Bill 596 […]
Are Real Estate Agents Vulnerable to Law Suits?
That is obviously a rhetorical question. The question might be, “Where are they the most vulnerable”? The one area that yields the most problems is non-disclosure of home defects. Yet, only 83% of the Realtors are protected by the famous Errors and Omissions insurance. Also, there are thousands of agents in California who are not […]
Let’s Talk Movies
Everyone is a movie critic, as I believe I am. Some use thumbs-up, stars, checks, numbers, but I will just say, “Should you watch or not watch a movie”? MCFARLAND; This small farm town just north of Bakersfield made the papers some years ago when a bunch of the students who worked the fields won […]