Your Practice | firsttuesday Journal

Brokerage Reminder: No place in real estate for arbitration

by ft Editorial Staff | May 20, 2022 | Brokerage Reminder, Real Estate, Your Practice | 4

A stern warning against arbitration provisions in purchase agreements.

Mortgage Concepts: MARS rule communication types and disclosures

by ft Editorial Staff | May 19, 2022 | Feature Articles, Mortgages, Real Estate, Video, Your Practice | 0

This video discusses communication types and disclosures under the Mortgage Assistance Relief Services (MARS) rule.

DFPI Bulletin Digest: May 2022

by Bethany Correia | May 16, 2022 | Mortgages, Real Estate, Your Practice | 0

The May 2022 DFPI Bulletin focuses on a Governor Newsom’s latest blockchain executive order, consumer protection law updates and loan forgiveness, among other topics.

MLO Mentor: California Financing Law

by ft Editorial Staff | May 16, 2022 | Feature Articles, Mortgages, Real Estate, Your Practice | 0

This article walks you through licensing under the California Financing Law (CFL).

Mortgage Concepts: What is the MARS Rule?

by ft Editorial Staff | May 12, 2022 | Feature Articles, Mortgages, Real Estate, Video, Your Practice | 0

This video discusses the Mortgage Assistance Relief Services (MARS) rule.

Rising rates bring back seller financing

by ft Editorial Staff | May 9, 2022 | Finance, Interest Rates, Loan Products, Real Estate, Your Practice | 0

As credit availability tightens thanks to rising interest rates, loan approvals become more elusive. But seller financing presents a back-door to homeownership.

MLO Mentor: CRMLA Annual Reports

by ft Editorial Staff | May 9, 2022 | Feature Articles, Fundamentals, Mortgages, Real Estate, Your Practice | 0

This article details MLO reporting under the California Residential Mortgage Loan Act (CRMLA).

MLO Mentor: California Residential Mortgage Loan Act, Part II

by ft Editorial Staff | Apr 27, 2022 | Feature Articles, Licensing and Education, Mortgages, Real Estate, Your Practice | 0

This article continues our discussion in Part I of MLO licensing, origination and reporting under the California Residential Mortgage Loan Act (CRMLA).

Extra homework required to renew your California real estate license: What you need to know

by ft Editorial Staff | Apr 25, 2022 | Fair Housing, Feature Articles, Real Estate, Your Practice | 1

Learn about the enhanced continuing education (CE) required of California real estate licensees and firsttuesday’s upcoming Implicit Bias course and video line up: Access for All: A Fair Housing Game™.

DRE Hot Seat: Broker conceals their own non-licensed escrow service while commingling trust funds

by Amy Perry | Apr 25, 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 commingled their client’s funds with their personal account and used themselves, operating under an unapproved fictitious business name, as the escrow service without informing the client.

MLO Mentor: The California Residential Mortgage Loan Act

by ft Editorial Staff | Apr 22, 2022 | Feature Articles, Mortgages, Real Estate, Your Practice | 0

This article will review MLO licensing, origination, and reporting under the California Residential Mortgage Lending Act (CRMLA).

Mortgage Concepts: Red Flags Rule and identity theft protection

by ft Editorial Staff | Apr 22, 2022 | Feature Articles, Mortgages, Real Estate, Video, Your Practice | 0

This video discusses the Red Flags Rule and identity theft protection.

Home sales volume impacts sales agent licensing and renewals

by ft Editorial Staff | Apr 21, 2022 | Charts, Licensing and Education, Real Estate | 1

View California sales agent trends from 2002-present, and examine the effect of home sales volume on licensing.

MLO Mentor: HECM fraud and abuse

by ft Editorial Staff | Apr 18, 2022 | Feature Articles, Mortgages, Property Management, Real Estate, Your Practice | 0

This article discusses abuse, theft, and fraud schemes related to Home Equity Conversion Mortgages (HECMs).

Newly licensed sales agent and broker population

by ft Editorial Staff | Apr 11, 2022 | Charts, Licensing and Education, Real Estate | 0

This article examines the number of broker and sales agent licenses issued by the DRE from 1998-present, with forecasts about future licensing trends.