David Saks' Blog

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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 !



Loan Processors Sentenced in Mortgage Fraud Scheme PHILADELPHIA-Kirk H. Kirby, 40, of Capital Heights, Maryland, and Sholonda Y. Johnson, 39, of Philadelphia, were sentenced today to 60 months and 30 months in prison, respectively, in connection with a real estate investment scheme, announced Uni...
                                                      #1160 When we consider the distance between the east and west boundary lines of any township the distance between the boundary lines is six miles. Is this true or false ? Please take your time. The solution is posted below the wildlife photo. ...
                                                       #1159 When we speak of a township, a township contains 36 sections that are numbered 1 through 36. In each instance, the last township will be located in the northeast corner. Is this true or false ? Take your time. The solution is posted bel...
                                                   #1158 The most important thing one should consider when trying to determine whether or not an iten is a fixture of personal property is how the item is being used in relation to the property. Is this true of false ? Take your time. The solution i...
                                                  #1157 Nearly every real estate brokerage has an obligation to pay for a salesperson's cell phone bill, continuing education and gasoline. Is this true or false ? Take your time on this really tough question. The solution is below the wildlife phot...
                                                       #1156 When a salesperson has to pay a desk fee the desk fee is used to pay for meals and never used to pay for the office facilities or as a substitute for the agent's commission. True or false ? Take your time. The solution is posted below t...
                                                     #1155 When a real estate agent considers himself an employee or an independent contractor the consideration will have an impact on whether or not the broker will have to pay social security or income taxes. Take your time. The solution is poste...
                                                     #1154 If a salesperson works for any brokerage as an independant contactor the salesperson must be paid a regular salary by the brokerage, and needs no supervision by the principal broker. Is this true or false ? Take your time. The solution is...
                                                  #1153 It is extremely importaqnt that all real estate agents understand the concepts of contract law, agency, and property laws. Is this true or false or is this something which only concerns a member of the legal profession ? Take your time. The ...
                                                                    #1152 What is traditionally considered to be the last step in a real estate transaction ? Take your time. The solution is posted below the wildlife photo.   A. The closing Closing is generally considered to be the last thing that...

David Saks

Broker / Industry Analyst
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