# 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 !

## Real Estate Practice : Lesson 3861

The municipality borrowed 2 million dollars for one year for the construction of an addition to a public school. If 550 thousand dollars in total interest was paid at the end of the year, what was the rate of interest ? The answer is posted below the wildlife photo. Take your time and 'bear with...
12/14/2014

## Real Estate Practice : Lesson 3860

A man took out a loan for \$1500 at the loan rate 5.5% or 5 1/2% per annum. If he paid back the loan with 25 dollars in interest how long did he keep the money before he paid it back ? The answer is below the wildlife photo. Take your time. A. Four Months Let's first find out what the annual inte...
12/14/2014

## Real Estate Practice : Lesson 3859

If a property is assessed at \$140,000 and the tax rate is \$21 per \$1000 of assessed value, how much will the owner be liable in taxes ? Answers posted below the wildlife photo. Take your time. A. \$2940 Divide 140,000 by 1000 to get 140. Next, multiply \$21 times 140 and we get \$2940 in property ...
12/14/2014

## Real Estate Practice : Lesson 3858

Here's an easy one for you. A real estate salesman receives a 5% commission for selling a house for \$160,800. How much does the salesman receive, and how much will the owner receive after the salesman is paid ? Answers below the wildlife picture. Take your time. A. The salesman will receive \$840...
12/14/2014

## Real Estate Practice : Lesson 3857

An investor receives \$525 at the end of 6 months as a return on money invested at 6% per year. How much money has he invested ? Answers posted below the wildlife pictures. Take your time. A. \$17,500 If \$525 represents six months return, \$1050 would represent an annual return at 6%. Divide 6% or ...
12/14/2014

## Happy Hanukka !

Have a Great Hanukka ! Enjoy the Latkes !   -DS-
12/14/2014

## Real Estate Practice : Lesson 3856

A man borrows money for six months at 6% annual interest rate payable in advance. How much does he have to borrow in order to have 1000 dollars in cash immediately ? Answers and solution posted below the wildlife photo. Take your time. A. \$1031.915 or \$1031.92 rounded This is similar to a commis...
12/14/2014

## Graceland Is Not For Sale !

Graceland Is Not For Sale !
12/12/2014

## Controller for The Mortgage Store Pleads Guilty to Bank Fraud

St. Peters Man Pleads Guilty to Bank Fraud   U.S. Attorney’s Office December 11, 2014 Eastern District of Missouri   ST. LOUIS, MO— Mark Avalos pled guilty to bank fraud charges relating to his work as the Controller for The Mortgage Store, Inc. (TMS), in 2008. According to court documents, TMS...
12/12/2014

## Man Sentenced to Life in Prison for Barbaric 2012 Plot Involving RE

Steven Mandell Sentenced to Life in Prison for Barbaric 2012 Plot to Kidnap, Extort, and Kill Victim in North Side Torture Chamber U.S. Attorney’s Office December 11, 2014 Northern District of Illinois (312) 353-5300 CHICAGO—A northwest suburban man was sentenced today to life in prison for plot...
12/11/2014
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## David Saks

May God Bless You, Always. David
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