David Saks' Blog

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Industry Observer - TN LIC# 290452
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. Please join. Membership in ActiveRain will enrich your life !

ARCHIVED BLOG POSTS

2012 

                                               #1780 When a broker creates a relationship between himself / herself and the seller this type of relationship is known as implied agency ? Is this true or false ? Take your time. The solution is posted below the wildlife photo. A. False An implied ag...
08/06/2012
                                                    #1779 When we consider the term fiduciary when we're talking about a real estate transaction we're always talking about the person that has the legal authority to act in the absence of on behalf of another person when signing a contract or makin...
08/06/2012
                                              #1778 When a home was constructed, each room of the house was preassembled at a factory before being driven to and unloaded at the construction site. After the preassembled materials were in place the rooms were wired and fitted with heating and refri...
08/06/2012
                                                  #1777 A medical building owner wanted to convert the building into residential property and sell individual units in the building once the conversion had been completed. When a building is converted into something other than which it was originall...
08/06/2012
                                                     #1776 Some of the costs and expenses that have to be considered are the recurrent taxes on personal property. Is this true or false ? Please take your time. The solution is posted below the wildlife photo. A. False Personal property is not real...
08/06/2012
                                                      #1775 When the owner of the property signs an agreement allowing the tenant that signs the agreement to occupy, use and possess the property for a period of only six months the owner and the tenant have signed an agreement which is called a pe...
08/06/2012
                                                     #1774 A life-tenant by the name of Senderfell wants to dig up the earth around his property and sell it for gardening dirt-fill to a neighborhood nursery. A remainderman has been named in the deed who has a remainder interest in the property an...
08/06/2012
                                                     #1773 Two property owners, Ben and Susan, who are not married, own a property together. Susan actually owns 75% of the property and Bob owns a 25% interest in the property. Becasue they own the property together and have unequal interests the t...
08/06/2012
                                                   #1772 When property is transferred from one owner to the next this process is referred to as devise. Is this true or false ? Please take your time. The answer is posted below the wildlife photo. A. False When real property is transferred from one...
08/06/2012
                                                  #1771 When we consider participation in a REIT, a real estate investment trust, it is necessary to have at least 325 participants according to the legal statute. Is this considered true or false ? Take your time on this tough question. The answer ...
08/06/2012
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David Saks

Broker / Industry Analyst
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Most real estate fraud-related articles and Department of Justice Press Releases published here are taken from the public record, which normally include press releases and court documents related to each entry and case. Any other type of record, i.e. newspaper reports, are only published after consent has been obtained from the original publisher.
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