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
National Foundation of America Founder Convicted of Defrauding Clients of $30 Million in Assets Company Misrepresented as Charitable Organization to Investors U.S. Attorney’s Office March 11, 2013 Middle District of Tennessee (615) 736-5151 Richard Olive, 47, of Vero Beach, Florida, formerly ...
03/12/2013
Former Destin Mortgage Broker Sentenced to Two Years in Prison for Bank Fraud U.S. Attorney’s Office March 08, 2013 Northern District of Florida (850) 942-8430 PENSACOLA, FL—A former mortgage broker, Randolph Branham, 46, of Destin, Florida, was sentenced in federal court yesterday to two year...
03/11/2013
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Four Defendants Sentenced in Timeshare Fraud U.S. Attorney’s Office March 08, 2013 Southern District of Florida (313) 226-9100 Wifredo A. Ferrer, United States Attorney for the Southern District of Florida; Michael B. Steinbach, Special Agent in Charge, Federal Bureau of Investigation (FBI), M...
03/11/2013
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#2090 An owner of a parcel of real estate allows a trespasser to continue trespassing on the land and takes no action against the trespasser throughout a statutory period. The trespasser can inevitably gain the legal right to continue trespassin...
03/10/2013
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#2089 When we talk about a license a license is always considered to be an example of a restriction which is invariably combined with an encroachment. Is this true or false ? Take your time. The solution is posted below the wildlife photo. ...
03/10/2013
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#2088 When the government decides to take over the ownership of a piece of real estate for public use this right of the government to take the real estate is known as the monopoly of real property under police authority. Is this true o...
03/10/2013
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#2087 Most states have a law which says that a comparative market analysis, a CMA, must be performed for every listing taken by a brokerage, and that the CMA must be compared to and presented with the appraisal for the lender. Is this tr...
03/10/2013
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#2086 Under a listing contract a broker commits himself or herself to an obligation to work for both the seller and the buyer and render faithful service to both parties. Is this true or false ? Take your time. The solution is posted below...
03/10/2013
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#2085 When a final decision is to be reached regarding the matter of the price to be listed for the house that decision always depends upon the appraised value of the house, the decision of the attorney and the broker. Is this true or ...
03/10/2013
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#2084 Under an open listing and an exclusive agency listing agreement the seller can avoid having to pay the broker a commission if the seller sells the property to a buyer not presented to the seller by the broker. Is this true or fals...
03/10/2013