10 Feb 2011

Current processing timeframes for the California Bureau of Real Estate

According to this link at the California Bureau of Real Estate the current processig timeframe for your combo exam/license application is about 3 weeks. Hurry up and get your Real Estate Principles, Real Estate Practice and Elective classes DONE! So you can apply! Incase you have questions about the main form, the RE 435, watch this YouTube video. Good luck and be patient!...

Read More
08 Oct 2010

Yelp Reviews

I am so proud of the work that our school has done over the past 7+ years. We have helped countless people begin their careers in real estate. We aren't perfect, but we try and provide the best possible instruction in a fun and dynamic environment.I had the pleasure of reading a page that was created on the review site yelp.com and was pleasantly surprised to find the below comments.My hope is that we will continue to provide great service in a dynamic educational environment for as long as po...

Read More
01 Oct 2010

email from the California Association of Realtors

October 1, 2010Dear C.A.R. Member:We’re starting off the new month with some great news from Washington, DC today that we wanted you to hear from us first.Late yesterday, President Obama signed a resolution that included a provision extending through fiscal year 2011 the current conforming loan limit of $729,750 for high-cost areas, including many in California. The same limits will also be extended to loans insured by the Federal Housing Administration.We’re extremely pleased that the Obam...

Read More
07 Aug 2010

The majority of real estate offices in California have 4 or less agents

In this month’s Real Estate Magazine, the official publication of the California Association of Realtors, an article was published about the size of most real estate companies in California. To my surprise, over 86% of all real estate brokerages comprise four or fewer agents. How does this statistic affect a new agent? My recommendation has always been to affix your license to a market leader. In most cases, the market leader is going to be a large organization with fifty or more agents....

Read More
01 Jun 2010

email from the California Association of Realtors

Red Alert UpdateSB 1178 to be Voted on Again This WeekStay Tuned for Another Red Alert!C.A.R. is sponsoring SB 1178 (Corbett) to extend anti-deficiency protections to homeowners who have refinanced "purchase money" loans and are now facing foreclosure. Most homeowners didn't even know that when they refinanced they lost their legal protections, and now may be personally liable for the difference between the value of the foreclosed property and the amount owed to the lender.SB 1178 was voted on l...

Read More
25 Mar 2010

email from the California Association of Realtors

March 25, 2010Dear C.A.R. Member:I’m gratified to report that late this afternoon, Gov. Schwarzenegger signed Assembly Bill 183, the Homebuyer Tax Credit legislation, into law. His actions today are the result of our efforts in Sacramento over the last several weeks as members and our team in the capital worked for the bill’s passage before it landed on the governor’s desk.AB 183 will provide $200 million for home buyer tax credits, allocating $100 million for qualified first-time home buy...

Read More
16 Mar 2010

Undisclosed Short Sale Payments May Be Illegal

Just got this email from CAR. Glad our industry is keeping an eye on things. UNDISCLOSED SHORT SALE PAYMENTS MAY BE ILLEGAL Undisclosed payments in short sale transactions, especially those paid outside of escrow, may violate the law, including RESPA, laws against loan fraud, and licensing laws. Short sale agents have increasingly reported to C.A.R. about requests for agents and their clients to pay junior lienholders and others, oftentimes outside of escrow. One common scenario is wh...

Read More
07 Mar 2010

Keeping Your Job During Layoffs – Life as a real estate agent

I was reading the Los Angeles Times this morning and came across an interesting article entitled “How to keep your job during layoffs”The article advises that the following be done:1. Anticipate what your company needs.2. Keep up your skills.3. Stay positiveI started to think that the above also applies to life as a real estate salesperson.Anticipating what your company needs is important to stay relevant as an employee. How does this apply to life as a real estate agent? What about anticipa...

Read More
03 Mar 2010

Can’t refinance? You’re not alone.

A recent article I read in the Wall Street Journal talks about a common problem homeowners face when attempting to refinance their homes.Today, bankrate.com shows an average 30 year mortgage rate of 5.03%. Pretty killer deal, right? This is likely much lower than the current rate on your home loan and you may be tempted to refinance.The issue that at least a quarter of all homeowners will have in attempting to refinance is a lack of equity due to declining home values. This isn't such a big s...

Read More
23 Dec 2009

Home sales data. Are prices on the rise? It it here to stay?

An article on the front page of today’s Wall Street Journal entitled “Home Sales, Prices Brighten” attempted to share some positive news regarding the US housing market. The median home price in the US as reported by the National Association of Realtors is up to $172,600 - this is the first increase since June. This sunny news is underscored by the fact that there are rumors of a “new wave of foreclosures” that are said to be going to hit the market at some point in the future and ...

Read More