David Saks' Blog

Follow me
By
Industry Observer - 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

2010 

                                                       #751 If money is held before the acceptance of an offer of a sales contract for the purchase of a home, the money belongs to both the seller and the buyer. Is this true or false ? Remember to take your time. The solution is posted below the w...
07/25/2010
                                                       #750 Sally defaulted on her mortgage and subsequently missed a few payments in the process. He lender had to begin the foreclosure process. Before the foreclosure slae took place Sally paid back the entire amount and cured the debt. Sally has...
07/25/2010
                                                            #749 If a buyer gives a deposit check to a broker it can be held by the broker and retained contingent upon the rejection or acceptance of a buyer's offer. Is this fact true or false ? Please remember to take your time. The solution will...
07/25/2010
                                                  #748 Money may be given to a broker to hold in trust or escrow  for a buyer to pay for a home inspection. Is this true or false ? Take your time. The solution is posted below the wildlife photo A. This is true. A broker may receive money from a bu...
07/25/2010
                                                      #747 If the commission rate a listing broker has with a seller becomes a source of contention between the seller and the broker, the broker can change the commission structure at will without the consent of the selller, but the seller has the ...
07/25/2010
                                                    #746 Any time a seller or buyer wants to create an agency relationship with a broker all the principal has to do is agree to the agency relationship orally. It actually doesn't have to be in writing. Is this true or false ? Take your time. The s...
07/25/2010
                                                          #745 A house sits on top of a hill not far from the city landfill. You can see the dump trucks in the destance, but a nice forest is nearby. The agent says to the buyer, "This is absolutely one of the most beautiful views you'll find in th...
07/25/2010
                                               #744 Any time a broker takes a listing the seller has given the broker the right to enter into a firm contract on behalf of the seller and decide the selling price if the seller can't decide. Is this fact true or false ? Take your time. The solution ...
07/25/2010
                                                      #743 When we talk about dual agency we're usually talking about a form of agency which is considered legal as long as the agent receives the same amount of money and compensation from both of the principals involved in the agency agreement. Is...
07/25/2010
                                               #742 Your company listed a home for seller A. B came to see you about the house and you told B that you couldn't give them any information about A's house until they signed a buyer's agency agreement. Does B have to sign a buyer's agency agreement ? ...
07/25/2010
Rainmaker
1,573,215

David Saks

Broker / Industry Analyst
Contact The Author

Most real estate fraud-related articles and Department of Justice Press Releases published here are taken from the public record, which normally include press releases and court documents related to each entry and case. Any other type of record, i.e. newspaper reports, are only published after consent has been obtained from the original publisher.
Nothing will be published that has not been verified via the public record or consent provided.
The use of the names or initials of the Federal Bureau of Investigation, the Drug Enforcement Administration, and the United States Marshals Service is governed by 18 U.S.C. sec. 709, which prohibits their unauthorized use in a manner calculated to convey the impression that such use is approved, endorsed, or authorized by that component, unless written permission has been received from the head of the respective component.
Where initials are found within this blog site they are not used in a manner calculated to convey the impression that such use is approved, endorsed or authorized by that component.
Please see the Department of Justice Legal Policies at:
http://www.justice.gov/legalpolicies
Please contact David with any questions.

Photos © & Licensed by Nova Development