As California’s rent relief funds run low, fraudsters rush to pilfer cash
As California’s rent relief program runs empty on key money, fraud claims will need to be minimized.
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Author: Amy Platero
Form-of-the-Week: Request for Notice of Mello-Roos Assessment and Notice of Your Supplemental Property Tax Bill — Forms 137 and 317
Agents use RPI Forms 137 and 317 to notify prospective buyers about the supplemental property taxes and bonded indebtedness they will receive upon transfer of ownership.
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Zillow Offers’ failure is a warning to today’s speculators
Real estate giant Zillow entered a hot and unpredictable housing market as a speculator experimenting with iBuying and got burned, reporting a total net loss of $530 million in 2021.
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DRE Hot Seat: Danny Yen, owner of Real Estate Educational Services (REES), reprimanded by DRE and DFPI for conducting massive education fraud scheme
This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) withdrew the qualification of a real estate course provider and instructor who implemented an elaborate and multi-state educational scheme which fraudulently provided course completion certificates to hundreds of DRE licensees and mortgage loan originators (MLOs) without requiring them to pass — or even attempt — their courses and final exams.
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Form-of-the-Week: Conflict of Interest Disclosure and Compensation Disclosure in a Real Estate Transaction — Forms 527 and 119
A broker or agent uses RPI Forms 119 and 527 to create transparency when additional compensation or a competing personal bias exists in a real estate transaction.
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