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.
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ARCHIVED BLOG POSTS
2014
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#2527 As a general rule, the appraiser will not use a sale as a com parable in his analysis unless the sale was considered to be an arm's length transaction. Is this fact true or false ? Please take your time. The solution posted below the wildlife photo. A. True Appraiser's don't include sales t...
01/12/2014
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#2526 When an appraiser is considering the value of a residential property the most valid and important method of appraisal that the appraiser will use is called the replacement cost method of appraisal. Is this true or false ? Take your time. The solution is posted below the wildlife photo. A....
01/12/2014
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#2525 A low risk loan is one that doesn't have to have a downpayment rather than a low loan-to-value ratio. Is this fact true or false ? Please take your time. the solution is posted below the wildlife photo. A. False From the lender's point of view the low loan-to-value ratio loan is the most de...
01/12/2014
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#2524 Bob decided to build a building with a flat roof 130 feet long, 30 feet wide and 24 feet high. Don offers to build it for 89 dollars a square foot. Sonny says that he'll build it for $4.50 per cubic foot. How much will Bob save if he awards the building contract to Don ? A. $74,100 124 ti...
01/12/2014
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#2523 A homeowner has without warning, and without knowing, constructed a fence in his backyard about 7 inches over the property line of his neighbor. This would be considered an encroachment. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. ...
01/12/2014
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#2522 A lender charged a borrower 6% for the loan plus 6 discount points. The yield to the lender for the loan is 6.25%. Is this fact true or false ? Take your time. The solution is posted below the wildlife photo. A. False Discount points are a percentage of the amount of the loan. One point wi...
01/12/2014
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#2521 A broker's obligation to a customer includes the duties of full disclosure and obedience. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False The duties of full disclosure and obedience are reserved for the principal, the broker's c...
01/12/2014
Image from Bing.Com Once again another bunch of aging actors and actresses stereotyping potty-mouthed slackjawed yokels on drugs. Amazingly, Dennis Quaid wasn't in this film. I sat through it. And was in pain when I left. I wanted to roll up the windows in my car and yell a sigh of relief when...
01/12/2014
Spectacular beyond comprehension. It's one of the greatest films I've ever seen. -David-
01/11/2014