FORECLOSURE UPDATE: SB 1079. On September 28, 2020, Senate Bill 1079 was signed into law. It granted a right of redemption or first refusal to purchase a foreclosed residential property to tenants, buyers intending to use the property as their residence, local governments, and other eligible buyers. It caused all one-unit to four-unit family dwellings […]
The general rule is that you must complete eight college courses to qualify to take the Brokers exam. Most recent Salespersons have completed three of these, and specific courses taken in College apply regardless of when completed.
DRE.CA.GOV: There are the obvious articles and regulations, but it is the extra items that are interesting. You can look up a licensee’s history (how long, any sanctions), research publications you can use in your business, find out which Education Companies have been discontinued. Also, I would like to recommend one form that very few […]
Peter Boutell: Columnist – Santa Ana Sentinel; Owner: Santa Cruz Home Finance, Santa Cruz; DGS MLO Student Impound Accounts Impound accounts are sometimes referred to as “escrow” accounts and refer to the funds that are held on the borrower’s behalf as a part of the lender’s service. A borrower is said to have an impound […]
Why Are You Waiting? New Real Estate Salesperson: 3 Courses to Qualify with books $229.00 Test Prep Online if purchased with bundle $ 65.00 Test Prep LIVE if purchased […]
By Summer Goralik: Former DRE Investigator, Lecturer, Author; Real Estate Compliance Consultant; Ethics Student Fundamentals of Broker Supervision In an effort to stay true to my own goals this year, I am writing a follow-up piece to my recent post on “DRE Compliance Goals”. That post, which you can read by clicking here, https://www.expertdrecompliance.com/blog/dre-compliance-goals […]
Dennis Smith: Author, Chef, Financier; Co-Owner/Broker at Stratis Financial, Huntington Beach; MLO Student Question of the Week Why is mortgage insurance a good thing? Answer Last week in the Weekly Rate & Mortgage Update we discussed if home buyers should wait until they have 20% for down payment before purchasing (you can read the WR&MU, […]
Jeff Lazerson: Columnist at Orange County Register and other Southern California News Group; Owner Mortgage Grader, Aliso Viejo; MLO Student You can deduct 20 percent of your real estate rental profits right off the top before calculating your taxes. Starting with your 2018 federal tax return filing, and so long as you meet certain criteria, […]
Now that the market has slowed a bit – i.e. returned to normal— contingency offers are more common and, I would argue, more palatable than they have been during the past few years. By contingency offer I mean an offer to purchase that comes from a buyer who still has to sell his house […]
Many times, in the course of reviewing transaction files, I will read that an agent has recommended to the buyer that he or she should have the home inspected by a licensed home inspector. While one has to appreciate the earnestness of such advice, it is nonetheless at least a trifle amusing. This is because […]
