David Saks' Blog

Follow me
By
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

2010 

                                                          #860 If you bought a house for the listing price less 20% and sold it for the listing price, what percent of profit would you make ? Take your time. The answer is posted below the wildlife photo. A. 25% Here's an example for you. Let's say...
10/17/2010
                                                            #859 A piece of land 500 feet by 350 feet had a sidewalk laid around it by the owner. The sidewalk encompassed the entire lot and a curb was placed along the lot lines. The sidewalk cost $32,000 and the curb was $20 per lineal yard. What...
10/17/2010
                                                           #858                                                       A builder / developer has 5.25 acres of land. He wants to divide the land into lots 60 feet wide by 100 feet deep. 36,690 square feet of land is required for street construction W...
10/17/2010
                                                     #857 Arnold got his tax bill today and it was $4903.00. The tax rate is 42 mills per dollar. The property is assessed at 58.25% of it's value. What is the actual value of Arnold's property ? Take your time. The solution is below the wildlife ph...
10/17/2010
                                                          #856     A landowner has 160 acres of land. He sold 42.25 acres of the land to one man. He also sold one third of the remaining land to another buyer. How many acres were left ? A. 78.5 Acres Let's first subtract the 42.25 acres that were ...
10/17/2010
                                                       #855 A seller has a tract of land which encompasses 108,900 square feet of land. The selling price is $12,500 an acre. How  much is the seller asking for the tract of land ? Take your time. The solution is posted below the wildlife photo ?   ...
10/17/2010
                                                            #854 An investor bought a block of lots to build on with each lot containing a 75 foot frontage. The investor wants to sell the lots for $337,500 and keep two lots for himself. What does the investor have to sell the lots per front foot ...
10/17/2010
                                                       #853 A home sold for $750,000 with a profit of 20% at closing. How much did the home cost originally ? Take your time. The solution is below the wildlife photo. A, $625,000 In this problem you have to remember to add a whole number to the div...
10/17/2010
                                                         #852 The mortgage company decided to lend the owner of a property an amount of money equal to 66.6666% of the appraised value of the property along with an interest rate of 5% annual interest rate. The first years interest in $20,000. A. Wh...
10/17/2010
                                                  #851 How much interest would there be on an $87,400 loan for two years, eight month and 15 days at the interest rate of 4.5% annual interest rate using a bankers year ? Please take your time. The solution is below the wildlife photo. A. $10,651.88...
10/17/2010
Rainmaker
1,572,727

David Saks

Broker / Industry Analyst
Contact The Author

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.
Nothing will be published that has not been verified via the public record or consent provided.
The use of the names or initials of the Federal Bureau of Investigation, the Drug Enforcement Administration, and the United States Marshals Service is governed by 18 U.S.C. sec. 709, which prohibits their unauthorized use in a manner calculated to convey the impression that such use is approved, endorsed, or authorized by that component, unless written permission has been received from the head of the respective component.
Where initials are found within this blog site they are not used in a manner calculated to convey the impression that such use is approved, endorsed or authorized by that component.
Please see the Department of Justice Legal Policies at:
http://www.justice.gov/legalpolicies
Please contact David with any questions.

Photos © & Licensed by Nova Development