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 !

ARCHIVED BLOG POSTS

2009 

                                                            When an agreement to purchase real estate is created, a purchase agreement, it must state what the methods of payment will be from the buyer, the type of financing terms arranged by the buyer, the listing price of the property, and the t...
04/30/2009
                                                    When a provision is added to a contract for the purchase of property (a purchase agreement) that states the contract will not become a binding contract unless the buyer has secured the financing necessary for the purchase of the property this pr...
04/30/2009
                                                       When a safety clause is added to a contract for the listing of a property it basically creates a measure of safety for the broker which effectively entitles the broker to a commission if the property is sold within a specified time, after the...
04/30/2009
                                                          When a listing contract is written that will pay only the listing broker that has written the listing agreement a commission, if he or she sells the property, but also allows the seller to sell the property on their own without having to p...
04/26/2009
                                                       When a leased property has been sold the property now becomes the property of the new owner and the lease is terminated. Is this considered to be true or false ? Please take yourn time. The solution is posted below the royalty free wildlife p...
04/26/2009
                                                       When we talk about a listing agreement that will compensate the broker with the payment of a commission that includes any amount of money in excess of the agreed upon selling price in the listing contract we're talking about an exclusive righ...
04/26/2009
                                                    Oral leases may be considered enforceable or valid if they've been under consideration for a period of no more than three years. Is this true or false ? Take your time. The solution is posted below the wildlife photo. A. False In most states, th...
04/26/2009
                                                       When we talk about a listing agreement which will compensate only the listing broker that was the procuring cause of the sale we're talking about an exclusive agency listing agreement. Is this true or false ? Take your time. The solution is p...
04/26/2009
                                                   If a tenant decides to assign a lease for whatever reason, the new tenant or the assignee will now become of secondary importance for payment of the rent. Is this true or false ? Take your time. The solution is posted below the wildlife photo. A....
04/26/2009
                                                             A listing contract which agrees to the payment of a commission to a listing broker and compensates the listing broker no matter who sells the property is know as an open listing agreement. Is this true or false ? Take your time. The sol...
04/26/2009
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David Saks

Broker / Industry Analyst
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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.
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