There are hundreds of designations in the real estate field. Whenever I see a new one I like to ask, “Who awarded this designation to you”? It is amazing how many companies and associations give designations. There was one that I achieved and all I had to do was attend a four hour meeting, pass […]
COMPARING 2022 LOANS TO 2006-2008 LOANS
There are many people today asking the question, “Are we headed for another 2006-2008 Recession?” Of course, nobody has the answer to this problem and many pundits are predicting the end of the world as we know it. However, the problems years ago were caused by the lending practices of the financial industry. This was […]
IRS HAS SOME HELPFUL INFORMATION; FREE
IRS has always been an adversary for taxpayers. I am a small business owner so that opens up even more possibilities for problems. BUT, I have just discovered some very helpful information from the IRS via email. And some have saved me money. AND, there is more than just one email. Titles include Tax Tips, […]
WHAT DOES “ADU” STAND FOR IN CALIFORNIA HOUSING?
Accessory Dwelling Units: The California Department of Housing and Community Development has one definition – ADUs and Junior Accessory Units (JADUs) are an innovative and effective option for adding much needed housing in California. You might want to read the SB 9 that became effective on January 1, 2022. Many changes to State regulations that […]
DRE.CA.GOV:
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 […]
IMPLICIT BIAS AND NEW FAIR HOUSING INTERACTIVE COMPONENT
For those of you who still need to complete these two new CE courses (if your license expires after 12/31/22), we have them available now! Check below. Existing Students: Click Here (Courses will be added to your Student Work Center automatically at no extra cost) Need the full 45 hours plus the two new courses to […]
IMPORTANT ANNOUNCEMENT FOR REAL ESTATE LICENCEES RENEWING ON OR AFTER JANUARY 1ST, 2023
Senate Bill 263 passed on September 2021, which states that licensees renewing on or after January 1st, 2023 must complete a new 2-Hour Implicit Bias Course and a Fair Housing Course with a New Interactive Participatory Component to fulfill their renewal requirement for their Salesperson’s or Broker’s license. DRE is currently in the process of […]
Homebuyers now lean on ARMs to cover lost purchasing power — and that crutch is about to vanish; Monthly Statistical Update (September 2022)
The Monthly Statistical Update (MSU) keeps agents and brokers current on the market trends affecting California real estate transactions. In the September 2022 MSU, we cover: the leveling of California home prices, with prices barely rising in May 2022; ARM rates, which have increased rapidly in 2022, soon to surpass FRM rates; and the widening mortgage rate spread, which indicates […]
1031 EXCHANGES
There are many rental owners who have extensive equity. Now is a great time for them to consider a Like-for-Like 1031 Exchange. They should consider taking their equity and becoming owners of three rental homes or more. Think about it. You find one prospect and you have generated four transactions and maybe even more sides. […]
EXPIRED LISTINGS AND FSBOs
Yes, expired listings have a tendency to appear in a Buyer’s Market. You might consider working this field. The internet is alive with recommended scripts. There seems to be four comments from homeowners who have their homes “expired”; #1 – “We are staying with our current agent.” #2 – “We are taking the property off […]