Fundamentals | firsttuesday Journal

MLO Mentor: consumer privacy

by Bethany Correia | Aug 15, 2022 | Feature Articles, Mortgages, Real Estate, Your Practice | 0

This article discusses privacy laws for financial institutions under Regulation P, the Privacy of Consumer Financial Information.

Letter to the editor: May a commercial landlord’s broker refuse to pay a fee to the tenant’s broker upon renegotiation of the lease?

by ft Editorial Staff | Aug 15, 2022 | Letters to the Editor, Property Management, Real Estate, Your Practice | 0

Under what circumstances is a landlord required to pay another broker fee?

MLO Mentor: The adjustable-rate mortgage, Part II

by ft Editorial Staff | Aug 5, 2022 | Feature Articles, Loan Products, Mortgages, Real Estate, Your Practice | 0

MLO Mentor is an ongoing series covering compliance best practices for mortgage loan originators...

Appraisals in a declining market — and why it matters in 2022

by Carrie B. Reyes | Aug 5, 2022 | Appraisal, Feature Articles, Home Sales, Real Estate, Recessions | 1

After two years of rapid price increases, appraisers will need to make a quick shift when prices dive later in 2022.

DRE Hot Seat: Designated officer assumes responsibility over mismanaged brokerage

by Amy Perry | Jul 27, 2022 | Fundamentals, Licensing and Education, Real Estate, Your Practice | 0

This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) restricted the California real estate license of a broker who failed to properly supervise and maintain trust funds and trust fund records as the designated officer of a property management company.

DFPI Bulletin Digest: July 2022

by ft Editorial Staff | Jul 22, 2022 | Laws and Regulations, Mortgages, New Laws, Pending Laws, Real Estate, Your Practice | 0

The July 2022 DFPI Bulletin focuses on small business financing disclosures, proposed rules on commercial financial products, and the 2022-2023 assessment rates for financial institutions, among other topics.

Letter to the editor: Do real estate brokers need to offer their employees 401k plans?

by ft Editorial Staff | Jul 21, 2022 | Letters to the Editor, Real Estate, Your Practice | 0

The answer depends on how the broker structures their agent’s employment contracts.

MLO Mentor: ECOA disclosures, Part II

by ft Editorial Staff | Jul 21, 2022 | Feature Articles, Mortgages, Real Estate, Your Practice | 0

This article discusses record retention and discrimination rules under the Equal Credit Opportunity Act (ECOA).

Stay on the straight and narrow with these real estate compliance tips

by Guest Author Summer Goralik | Jul 21, 2022 | Feature Articles, Licensing and Education, Your Practice | 0

Real Estate Compliance Consultant and former California Department of Real Estate Investigator, Summer Goralik, offers six tips to staying in compliance with real estate law.

When you can expect to access the extra CE required to renew your California real estate license

by ft Editorial Staff | Jul 18, 2022 | Feature Articles, Laws and Regulations, Licensing and Education, Real Estate | 1

The new course requirements will apply to real estate agents and brokers with licenses expiring on or after January 1, 2023.

Letter to the Editor: Is a fraudulent contract voidable?

by ft Editorial Staff | Jul 13, 2022 | Fundamentals, Letters to the Editor, Real Estate | 0

A contract obtained through false representation is voidable. Fraud is a type of misrepresentation, so when fraudulent or negligent misrepresentation is used on a contract, it creates a voidable contract. It requires a court order to be declared invalid.

MLO Mentor: Section 35 loans, Part II

by ft Editorial Staff | Jul 11, 2022 | Feature Articles, Loan Products, Mortgages, Real Estate, Your Practice | 0

his article discusses the special appraisal rules applied to Section 35 loans.

NAR’s antitrust lawsuit returns as defensive attitudes persist

by Amy Perry | Jul 8, 2022 | Real Estate, Your Practice | 0

A California appeals court has revived a lawsuit against the National Association of Realtors over anticompetitive behavior harmful to agents.

MLO Mentor: Section 35 loans

by ft Editorial Staff | Jul 5, 2022 | Feature Articles, Fundamentals, Mortgages, Real Estate, Your Practice | 0

This article discusses which loans fall under the Section 35 higher-priced mortgage loan guidelines.

Brokerage Reminder: real estate travel kits

by ft Editorial Staff | Jul 1, 2022 | Brokerage Reminder, Real Estate, Your Practice | 0

Must haves for any agent.

DRE Hot Seat: A broker’s website needs to comply with real estate advertisement laws

by Amy Perry | Jun 30, 2022 | Fundamentals, Licensing and Education, Real Estate, Your Practice | 0

This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the California real estate license of a broker who advertised real estate services without disclosing his license identification number, claimed to perform mortgage loan originator (MLO) services without holding a valid license, and used unlicensed fictitious business names on his website.

MLO Mentor: Notice of Default & Notice of Trustee’s Sale, Part II

by ft Editorial Staff | Jun 27, 2022 | Feature Articles, Mortgages, Real Estate, Your Practice | 0

This article continues our discussion of the Notice of Default (NOD) and Notice of Trustee’s Sale (NOTS).

Homebuyer demand continues to outpace inventory for sale

by Carrie B. Reyes | Jun 27, 2022 | Charts, Fundamentals, Home Sales | 0

California’s for-sale inventory remains near historic lows in 2022.

MLO Mentor: Notice of Default & Notice of Trustee’s Sale

by ft Editorial Staff | Jun 20, 2022 | Feature Articles, Mortgages, Real Estate, Your Practice | 0

This article discusses the Notice of Default (NOD) and Notice of Trustee’s Sale (NOTS).

DFPI Bulletin Digest: June 2022

by Bethany Correia | Jun 20, 2022 | Mortgages, Real Estate, Your Practice | 0

The June 2022 DFPI Bulletin focuses on public comments regarding a crypto assets, consumer complaints and national homeownership month, among other topics.