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. […]
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 […]
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, […]
Real Estate Renewals in Exotic Places Years ago in another universe our company presented Real Estate Renewals in exotic places. Some of my favorite trips involved Acapulco, Cabo, Hawaii, Caribbean, New Hampshire, and other spots. Take a trip and get renewed. And a couple of informative meetings, thrown in for good measure. Loved those trips, […]
There Are Many Methods To Hold Title To Any Home, Rental, Vacation Home, And Whatever Before buying any property you should discuss this with an attorney or title company. If you already own property, it might be a good idea to review your situation. Everyone’s situation is different, and there is no one correct answer. […]
In Class Recently Someone asked me how I started my own company in Real Estate as if my ideas would be helpful. I can tell you what I did but with no guarantees. I Was Director Of Property Management For The Forest E. Olson Co. In Van Nuys When I decided to change to selling […]
