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 

Two Former Will County Bank Officials Plead Guilty To Concealing Loan Delinquencies of Two Customers U.S. Attorney’s Office December 08, 2014 Northern District of Illinois (312) 353-5300 CHICAGO—A former officer and a former director of a bank in Will County have pleaded guilty to federal charge...
12/09/2014
FBI Releases 2013 Hate Crime Statistics Washington, D.C. December 08, 2014 FBI National Press Office (202) 324-3691 Today, the FBI released Hate Crime Statistics, 2013, the Uniform Crime Reporting (UCR) Program’s first publication to present data collected under the Matthew Shepard and James Byr...
12/08/2014
  HUD NEWS   U.S. Department of Housing and Urban Development – Julián Castro, Secretary   Office of Public Affairs, Washington, DC 20410                          HUD No. 14-149                                                                                                          FOR RELEASE so...
12/08/2014
Most Retirees Need to Take Required Retirement Plan Distributions by Dec. 31 IRS YouTube Videos:Required Withdrawals from Your IRA: English | Spanish | ASL Podcasts:Required Withdrawals from Your IRA: English | Spanish IR-2014-112, Dec. 8, 2014 WASHINGTON — The Internal Revenue Service today remi...
12/08/2014
  HUD NEWS U.S. Department of Housing and Urban Development – Julián Castro, Secretary Office of Public Affairs, Washington, DC 20410                        HUD No. 14-151                                                                                              FOR RELEASE source:             ...
12/08/2014
A man borrows 100 thousand dollars at 5% per annum. What is the amount he will repay in nine months ? A. $103,750 dollars Multiply 100k times the annual interest rate of 5% or .05 and we get 5000 dollars. Let's now divide 5000 by 12 months and we get $416.66. Multiply $416.6666 times 9 months an...
12/08/2014
A buyer has an opportunity to purchase a lot for 10,000 dollars and a guaranteed within a year for 12,000 dollars. He also has an opportunity to lend 10,000 dollars to an individual who will repay the loan within a year at 10% interest. What is the better deal and by how much ? The answers are b...
12/08/2014
The taxes on a home were $1260 and were due on January first and to be paid by the owner. How much of a credit would the owner get if he sold his home and the taxes were prorated from September 15th ? Answers are below the wildlife photo. Take your time. A. $367.50 January 1st to September 15th ...
12/08/2014
A salesman brings in a listing on a 500 thousand dollar home and will receive 15% of the total 5% commission from the sale of the home. If another salesman is involved in the sale and sells the house and the 15% is deducted from his half of the commission, how much will he receive from the sale ...
12/08/2014
A property manager receives half of the first month's rent when he leases an apartment and an additional 5% of each month's rent thereafter for collecting the rent of 850 dollars a month. How much is his total commission after 18 months ?   A. $1147.50 The first month is 850 divided by two which...
12/08/2014
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David Saks

May God Bless You, Always. David
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