CHIKA SUNQUIST, DRE COMMISSIONER Chika Araki Sunquist was appointed Real Estate Commissioner for the State of California by Governor Gavin Newsom on November 28, 2023. Her first day of office was January 3, 2024. She succeeded Doug McCauley whose final day was December 29, 2023. Commissioner McCauley had earlier succeeded Wayne Bell. The question for […]
BUYER’S AGENTS CONTRACTS
The mechanics and techniques of the real estate industry are always changing. If a person lives in the past, their methods of doing business could be outdated. In the past years many new words have gained a place in our real estate vocabulary: franchises, syndications, listing forms, continuing education, Wellenkamp and de la Cuesta, condo […]
MYTHS, MISINFORMATION AND FALSE RUMORS ABOUT NAR SETTLEMENT
It is a quiet Friday morning so I thought that I would debunk some of the myths and rumors about the NAR Settlement. By now, most of you know these facts. Just in case you missed some claims by the not-knowing writers in national publications I present these myths. I am not an attorney but […]
SUPERSTARS OF REAL ESTATE
The Real Estate Salesperson They stood before the Pearly Gates, Their faces were scarred and old. They stood before the man of fate, For admission to the fold. What have you done? St Peter asked, To gain admission here? We’ve been real estate agents, sir, For many and many a year. The Pearly Gates swung open […]
EMBEZZLING IN APARTMENTS
Embezzling or theft by a manager or employer is a topic most owners never consider. But many owners are losing money right now and don’t know it. It can happen in the best of buildings and in the best of management situations. If a manager wants to take money it can be done. In my […]
SOME FACTS ABOUT THE NAR SETTLEMENT
FACT NUMBER ONE: Gov Hutchinson, the beloved CAR Attorney and Roving Story Teller, had some interesting information at the Orange County Association of Realtor yearly meeting. Due to the settlement around July new NAR rules will require that Realtors must get a Buyers Agents Contract signed before showing any homes. And possible commissions must be discussed. […]
2023 SPEAKER OF THE YEAR
It is with pride that Duane Gomer Education selects Jay Mills as Speaker of the Year for 2023. He certainly earned any recognition he receives.Jay is a favorite of our students presenting our Notary and Real Estate Courses. Our staff greatly appreciates the professionalism he exhibits, as well as his crucial contributions to the organizational […]
A DISCUSSION OF NEW FORCLOSURE REGULATIONS
Foreclosure Laws: California has specific laws and procedures governing the foreclosure process, including notice requirements and opportunities for homeowners to explore alternatives, such as loan modifications. The California legislature passed Assembly Bill (AB) 1837 and AB 2170, effective as of January 1, 2023. These two laws, which build on the groundwork laid by Senate Bill […]
REVERSE MORTGAGE UPDATE
We decided to present a short update on Reverse Mortgages. As our authority we selected David Gomer, Broker, Founder and Owner of Senior Funding, Calabasas, CA. He has been specializing in all types of Reverse Mortgages since 1989. He earned the prestigious Certified Reverse Mortgage Professional Designation Awarded by the National Reverse Mortgage Lenders, and a […]
Attorney General Bonta Issues Consumer Alerts, Guidance to Protect California Tenants and Remind Property Managers and Landlords of their Legal Obligations
Tuesday, February 6, 2024 Contact: (916) 210-6000, [email protected] Includes new information calculating allowable rent increases under TPA SAN FRANCISCO – California Attorney General Rob Bonta today issued five consumer alerts advising California tenants of their rights and protections under state law, and alerting property managers and landlords of their obligations to tenants. The consumer alerts cover […]