Disintermediation: “This is the relatively sudden withdrawal of substantial sums of money from savings and loans, banks, etc.” It could be an interesting number to watch in the coming months. Disintermediation occurs when inflation rates are high and bank interest rates are stagnant. The depositors believe that they can get better returns by investing in […]
DRE Exam Words There are two words that seem to appear regularly on the DRE State Exams for Brokers and Salespersons. They are like so many other words that appear on the exams which you will never use again in your Real Estate Career. I learned that there are 43,560 square feet in an acre […]
ESTOPPEL: This has been a favorite word of mine ever since I learned the meaning on my first apartment house sale many decades ago (46 units in North Hollywood). If you ever will be a buyer, seller, listing agent, or selling agent of any property with rents, you should learn the meaning of this word […]
Three Words Randy Turnquist, our outstanding, long-time, instructor from beautiful downtown Santa Cruz, mentioned three words that he believes are important for anyone working in real estate, going to be working in real estate, owners, renters, but most importantly anyone thinking of passing the State Exam for Broker or Salesperson. The three words are confusing. […]
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Another Great Resource We have some great information on this blog (https://www.duanegomer.info). I would like to recommend one because of the content. It is outstanding. But be aware it is not a short one minute read. DRE Compliance It is impossible to cover DRE COMPLIANCE in a few sentences. The author is Summer Goralik – […]
Make more money, it’s a fact.With a brokers’ license you can work with two companies, (sales and Property Mgmt.), (commercial sales and loan broker), (city and desert) etc.There is no extra liability as a Broker Associate, that is a myth.If you want to start your own company you are ready. Again this week, father broker […]
One of My Favorite Sites The department’s stated purpose is to “Help Californians become informed consumers by learning their rights and protections”. It has information on almost all of the state licensed occupations in California. The Real Estate Licensees were under this department for a few years but now is independent again under the Department […]
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, […]
