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

2014 

  #2599 A beneficiary is someone who is a decendant of Benny Fish. Is this fact true or false ? Please remember to take your time. The answer is posted below the wildlife photo if it's too tough for you. A. False A beneficiary is a person or entity which will receive the benefit from specific act...
03/03/2014
#2598 A bearer is one who searches for objects that reflect the life of a bear when decorating a home or staging. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo.   A. False A bearer is the person or entity that has possession of any instrument ...
03/03/2014
              #2597 When we talk about the intitial basis we're referring to the basic reason why a buyer wanted to buy a home in the first place. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False The initial basis is the amount of the o...
03/03/2014
    #2596 An adjusted basis would be a property owner's basis in the property which includes expenses for improvements minus any deductions for depreciation. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. True basis+improvement costs-deduct...
03/03/2014
#2595 The basis is the carbon copy of a mortgage document. Is this fact true or false ? Please remember to take your time. The solution is posted below the wildlife photo. theory A. False The basis is a figure which is used to calculate gain on the sale of real estate as required for federal inco...
03/03/2014
    #2594 A balloon mortgage is a contract for the purchase of a home which is delivered to the buyer by the lender by a lighter than air method of transportation known as a balloon. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False A ba...
03/03/2014
    #2593 When we talk about the bad debt/vacancy factor were referring to an income approach to an appraisal whereby a percentage will be deducted from a property's expected gross income and an estimate of the income that is most likely to be suffered because of tenants who default on their paym...
03/02/2014
#2592 An audit in real estate means the ability to hear, in audible terms, the price of the property in a normal speaking voice. Is this fact true or false ? Please take your time as I know this question is a difficult one. Of course, if you just can't wait, the solution is posted below the wildl...
03/02/2014
     #2591 An assumption fee is a fee that a lender will charge a borrower for assuming that his or or loan will be approved. Is this fact true or false ? Please take your time with this extremely difficult answer, and  consult with an expert if you think you might have any problems solving this ...
03/02/2014
  You still believe that there's less fraud today in the real estate business ??? click the little red button
03/02/2014
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David Saks

May God Bless You, Always. David
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