Requirements to Become a Mortgage Loan Originator #1- Complete a 20-Hour Course Approved by NMLS #2- Pass a 125 question exam with a grade of at least 75% Is this easy? – No What is the Best Way to Be Really Prepared? #1- In our opinion, you have to take the 20-Hour Course. You […]
Prior To The New Law My Simple Understanding Of Tax Law Was: Business Lunches With First Tuesday: 50% Deductible Lunches For My Outstanding Staff For My Convenience: 100% Deductible New Regulations Effective January 1, 2018 And For My Tax Return Of March 15, 2019: Business Lunches: Same Lunches for my staff: 50% and not deductible […]
This Alert Was Sent To Me By Theresa Ballard The legendary compliance management consultant, and I thank her everyday for her assistance in our presentation of MLO courses. When I met Theresa, I could not even spell MLO. An En Banc Panel Of D.C. Circuit Judges On Wednesday Overturned A Ruling This would have allowed […]
When We Last Discussed The Consumer Financial Protection Bureau There was a conflict concerning who would be the Interim Director after Richard Cordray resigned. It is now Mick Mulvaney who also is the White House Budget Director. Couple of big announcements in the last couple weeks indicate the direction that the Bureau will be heading […]
In A Previous Article I Mentioned That IRS Was Hiring Collection Agencies To Help Them Collect Delinquent Tax Payers. It did not go well. In A Report From The Agency’s Taxpayer Advocacy Service, They Spent $20M In 2016 And 2017 To Collect, Wait For It: $6.7M And There Is A Question About $1M Of That […]
Form RE 215 Is To Be Filed By January 1, 2018 (Oops, That Is Passed) This form needs to be signed by all Responsible Brokers noting all Broker Associates working for them. Good idea as before this form the only licensees listed on a company’s page were salespersons. Broker Associates were mystery licensees. The form […]
If I Want To Find Any Information About The New Tax Cuts And Jobs Act, I Would Go To The Website Of The National Association Of Realtors Also known as Realtor.org. And they have a pithy article, “What It Means for Homeowners and Real Estate Professionals”. I believe that since I send this group money […]
So Many Times I Give Information And Then I Do Not Follow It Myself There is something that I think Duane and DJ Gomer and other rental owners should consider. Simple basic 1031 Exchange. And real estate agents should be telling their clients some of the benefits of exchanging in this market. There Are So […]
When Most People Discuss Getting A Real Estate License, They Think Only About Listing And Selling Houses However, that is not the only reason for having a license. There are about 420,000 California Licensees at this time. There are about 180,000 Realtors. Almost all people who specialize in selling houses belong to this group. There […]
This Could Be Considered A Rant And Not A Post I believe that if someone is a Real Estate Salesperson, the next logical step for advancement is to become a broker. Yes, I know you think that I have a hidden agenda in recommending that everybody becomes brokers. It is not a hidden agenda. It […]
