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

2011 

                                                    #961 When one is considering an installment note they also have to consider the fact that only the interest is being paid if this type of note has been assumed by the buyer. Is this true or false ? Take your time. The solution is posted below th...
01/09/2011
                                                     #960 When funds are sought for single family mortgage loans those funds are usually provided by secured collateral in the form of treasury notes or existing equity in residential  or commercial property. Is this true or false ? Take your time. ...
01/03/2011
                                                           #959 If the Federal Reserve Board buys government securities from investment securities groups on the open market the supply of available money will decrease. Is this fact true or false ? Take your time. The solution is posted below the w...
01/03/2011
                                                     #958 Whenever you see borrowing activity slowing and interest rates falling the banks are facing a period of slowdown that causes them to lend less. Is this true or false ? Take your time. The solution is posted below the wildlife photo. A. Fal...
01/03/2011
                                                #957 A man is seeking a loan to buy a parcel of land. He also wants a construction loan after the land has been acquired. When the mortgage for the land is taken out the purchaser need to include a wraparound clause in the mortgage for the land. Is ...
01/03/2011
                                                     #956 The main reason licensing is required to practice real estate is because of the fact that a substantial amount of revenue can be raised for the state and reduce the tax liability among it's citizens. Is this true or false. Take your time. ...
01/03/2011
                                                    #955 If you forget to renew your real estate license your violating a state law and can be fined. Is this true or false ? Take your time. The solution is posted below the wildlife photo. A. False Your not violating the law if you don't renew you...
01/03/2011
                                                     #954 During a title search the attorney discovered that an heir to an estate had not properly signed a deed before the property was transferred. This defect of title could most likely be cured by a letter of estoppel. Is this true or false ? Ta...
01/03/2011
                                                          #953 A home was built several years ago and was actually constructed without a functioning heat or air conditioning system. If an appraiser were to use the cost depreciation approach he would refer to this exclusion of heat and air in the ...
01/03/2011
                                                          #952 An appraiser was contacted an asked to appraise a home. There have been quite a few sales in the area due to the recent economic climate and the lowering of prices. The best type of appraisal for the appraiser to use in this situation...
01/03/2011
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David Saks

May God Bless You, Always. David
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