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
2013
Bergen County Loan Officer Pleads Guilty to Role in $2 Million Mortgage Fraud U.S. Attorney’s Office September 06, 2013 District of New Jersey (973) 645-2888 CAMDEN, NJ—A loan officer admitted today to conspiring to defraud financial institutions as part of an approximately $2 million mortgage f...
09/09/2013
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#2350 A broker has the right to exercise the decision to control the number of hours an independent contractor would have to work in addition to the work schedule that the independent contractor would be required to comply with. Is t...
09/08/2013
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#2349 When a real estate salesperson is paid in a lump sum by the broker or their employer and that same licensee or salesperson is responsible for paying their own taxes, we refer to this person as an employee. Is this true or false. Remember ...
09/08/2013
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#2348 A buyer became a client of a broker and decided that he wanted to purchase a house that the broker has listed with his company. It's not ok for the broker to show the buyer / client the house that he has listed for sale. True or fals...
09/08/2013
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#2347 When a real estate broker is hired by someone to sell their home the broker has an obligation to comply with the directions of any interested buyer. Is this true of false ? Take your time. The solution is posted below the wioldlif...
09/08/2013
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#2346 When we speak of confidentiality we consider it to be part of the fiduciary duty of care from the five common-law fiduciary duties of care, obedience, accounting, loyalty and disclosure. True or false ? Please take your time. The soluti...
09/08/2013
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#2345 The owner decides to abandon the property he has listed with a brokerage. This will terminate the relationship that the broker has with the owner. True or false ? Take your time. The solution is posted below the wildlife photo. ...
09/08/2013
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#2344 When a real estate broker acts as the agent for the seller the broker has an obligation to disclose confidential information about the seller to the buyer if it helps the chances of closing the deal. True or false ? Take your ti...
09/08/2013
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#2343 In a real estate transactionn, when one speaks of a fiduciary relationship their typically referring to a relationship that will allow another person to act on behalf of another with the additional privilege and grant of legal powe...
09/08/2013
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#2342 A house was built on top a pile of manure. The ceilings of the home we're also poorly constructed and poorly attached to any supporting members or beams. This would be considerd an example of a stigmatized property ? True or false ...
09/08/2013