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

2011 

Mortgage Fraud Investigation Leads to Disciplinary Actions Avatar Realty Group, also known as Monroe Realty and Financial Enterprises, and Arthur R. Monroe, Oswego, Illinois, were subject to disciplinary action resulting from an investigation into alleged unlicensed and improper mortgage loan mo...
06/15/2011
                                                             Loan Originator Admits Fraud Scheme Thomas Gregory Alexander, San Diego, California, a loan originator, pleaded guilty to 10 felony counts for his role in a multi-million-dollar mortgage fraud scheme. Alexander entered guilty pleas for...
06/14/2011
06/14/2011
                                               #1180 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...
06/13/2011
                                                    #1179 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...
06/13/2011
                                              #1178 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...
06/13/2011
                                                  #1177 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...
06/13/2011
                                                     #1176 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...
06/13/2011
                                                      #1175 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...
06/13/2011
                                                     #1174 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...
06/13/2011
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David Saks

Broker / Industry Analyst
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