David Saks

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Education & Training - (retired) - 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

2009 

                                                     A seller wants to trade his residence at a price of $157,500 subject to a mortgage with a balance of $62,400 for a multi-family housing unit with a price of $623,500 with a mortgage of $366,750.What's the amount of the total cash difference ?Re...
01/03/2009
                                                         The selling price of a home was $930,000.The broker agreed to a commission of 5%.Other charges applied from escrow amounted to $9500.How much money did the seller receive at closing ? Remember to take your time. The solution is posted below...
01/03/2009
                                                    If the interest rate is 4.5% and the monthly interest payment is $212.50, what is the principal sum due ? Please take your time. The solution is posted below the wildlife photo. A.$56,666.66 Easy !Multiply $212.50 times twelve months to get $255...
01/03/2009
                                                  A man bought two 60 foot lots for thirty thousand dollars each and decided to divide them into three lots consisting of equal frontage. He sold each lot for $24,000.What the percentage of his gross profit ? Please take your time. The soluton is po...
01/03/2009
                                                         What is the interest on $80,000 at 4.5 % per annum for nine months and fifteen days using a bankers calendar (360 days)? Please take your time. The solution is posted below the wildlife photo. A. $2850 Let's multiply the interest rate times...
01/03/2009
                                                    If a home is assessed at 80% of it's value and it's value is $800,000, and the combined tax rate is equal to $42.50 per 1000 dollars of valuation, what is the total annual tax amount ? Remember to take your time. The solution is posted below the...
01/03/2009
                                                       A lot measuring 100 feet by 108.9 feet would be would be equivalent to what portion of an acre ? Please take your time. The solution is posted below the wildlife photo. A. One quarter of an acre. Let's multiply 100 feet times 108.9 to find th...
01/03/2009
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David Saks

May God Bless You, Always. David
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