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 

A Missouri farm with 60 acres was listed in the MLS for $1500 an acre. The farm was sold for $76,500 with the condition that the buyer pay the commission of 10% of the sale price. How much did the buyer save under the list price with this condition ?  Please take your time. The answer is below t...
12/28/2014
What would be the annual interest rate on a $42,000 loan if the quarterly interest payments are $575.50 ? Answers posted below the wildlife photo. Please take your time. A. .05481 or rounded .055 or 5.5% Let's take the quarterly interest payments of 575.50 and multiply them time four to get the ...
12/28/2014
A broker sold a 50' by 100' lot for $7.50 a square foot. If the broker's sales commission is 5% how much will the seller receive after the sale ?  Answers are below the wildlife photo. Please take your time. A. $35,625 There are two ways we can solve this problem. 1st, let's multiply 50' times 1...
12/28/2014
  The lot is 70 feet wide by 150 feet long. What percentage of a full acre is this lot ? Answers below the wildlife photo. Take your time. A. .241047 or roughly 24% or almost a quarter of an acre. Let's find out how many square feet are on the loat by multiplying 70 feet wide times 150 feet long ...
12/28/2014
  What this shameful Realtor has done oversteps the bounds of decency and leaps into a pit of insanity and depravity. My friend, Jim Gibbs, of the Career Institute, sent this upsetting story to me tonight. Needless to say, the insidious, pernicious creep is yet another reason in my growing list o...
12/28/2014
This stupid, boring film is a waste of time and money. When you leave the theater cover your head with your popcorn bucket so your friends in the mall and on the street won't see your face and know where you've been.    ps... There was a download on YouTube to watch this crappy film free. I hope ...
12/26/2014
U.S. Dept. of Housing and Urban Development                 U.S. Census Bureau HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN NOVEMBER WASHINGTON – Sales of new single-family houses in November 2014 were at a seasonally adjusted annual rate of 438,000, according to the estimates released j...
12/25/2014
United States Congressman Michael Grimm Pleads Guilty to Causing the Filing of a False and Fraudulent Tax Return   Grimm Admits Concealing More Than $900,000 in Gross Income and Lying Under Oath While a Member of Congress U.S. Attorney’s Office December 23, 2014 Eastern District of New York (718...
12/24/2014
Former Talbot County Attorney Pleads Guilty to Real Estate Investment Fraud Scheme with Over $768,000 in Losses U.S. Attorney’s Office December 23, 2014 District of Maryland (410) 209-4800 BALTIMORE, MD— Aaron G. Seltzer, age 38, of Trappe, Maryland, pleaded guilty today to wire fraud in connect...
12/24/2014
Two Men Charged with Operating Multi-Million- Dollar Fraud Scheme U.S. Attorney’s Office December 23, 2014 District of Connecticut (203) 821-3700 Deirdre M. Daly, United States Attorney for the District of Connecticut, and Patricia M. Ferrick, Special Agent in Charge of the New Haven Division of...
12/24/2014
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David Saks

May God Bless You, Always. David
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