David Saks is a musician, retired real estate broker, and long-time ActiveRain member.
David's blog features important information relevant to the safety, integrity and security of the industry. In addition to his widely read real estate fraud blog, a comprehensive overview of real estate continuing education is a weekly addition for his subscribers and the ActiveRain community at-large. Thank you for subscribing to and for visiting David's ActiveRain home on the internet.
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ARCHIVED BLOG POSTS
2012
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#1548 Money may be given to a broker to hold in trust or escrow for a buyer to pay for a home inspection. Is this true or false ? Take your time. The solution is posted below the wildlife photo A. This is true. A broker may receive money from a b...
02/27/2012
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#1547 If the commission rate a listing broker has with a seller becomes a source of contention between the seller and the broker, the broker can change the commission structure at will without the consent of the selller, but the seller has the...
02/27/2012
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#1546 Any time a seller or buyer wants to create an agency relationship with a broker all the principal has to do is agree to the agency relationship orally. It actually doesn't have to be in writing. Is this true or false ? Take your time. The ...
02/27/2012
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#1545 A house sits on top of a hill not far from the city landfill. You can see the dump trucks in the distance, but a nice forest is nearby. The agent says to the buyer, "This is absolutely one of the most beautiful views you'll find in t...
02/27/2012
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#1544 Any time a broker takes a listing the seller has given the broker the right to enter into a firm contract on behalf of the seller and decide the selling price if the seller can't decide. Is this fact true or false ? Take your time. The solution...
02/27/2012
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#1543 When we talk about dual agency we're usually talking about a form of agency which is considered legal as long as the agent receives the same amount of money and compensation from both of the principals involved in the agency agreement. I...
02/27/2012
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#1542 Your company listed a home for seller A. B came to see you about the house and you told B that you couldn't give them any information about A's house until they signed a buyer's agency agreement. Does B have to sign a buyer's agency agreement ?...
02/27/2012
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#1541 An agent has an obligation to perform the duties in an agency relationship of confidence, obedience, accountability, loyalty, disclosure to both the principal who grants the agent the authority to deal with third parties, and any third part...
02/27/2012
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#1541 An agent has an obligation to perform the duties in an agency relationship of confidence, obedience, accountability, loyalty, disclosure to both the principal who grants the agent the authority to deal with third parties, and any third part...
02/27/2012
California Investor Pleads Guilty to Bid Rigging and Fraud at Public Real Estate Foreclosure Auctions 10th Guilty Plea in the Investigation to Date U.S. Attorney’s Office February 24, 2012 Eastern District of California (916) 554-2700 Press Release, White-Collar Crime SACRAMENTO, CA—A real e...
02/25/2012