Enhance your knowledge! This course provides an overview of every aspect of bank–owned properties. You will be introduced to the many ways to profit in the multi-faceted, dynamic field of real estate owned listing and sales. Learn with and from your peers and expand your contacts among other agents. Every phase of this rapidly expanding field is represented through a real world application in California.
Course Topics:
- Is an REO sale the same thing as a foreclosure sale, trustee sale or short sale?
- Why not buy at the Trustee Sale or before?
- What are the characteristics of an REO transaction?
- What are the upsides and downsides of REO’s?
- What can I expect from listing REO’s, how do I get started and what are the requirements?
- Are valuation, BPO’s, vandalism, evictions, cash advances and property management important?
- What is a cash-for-keys agreement?
- Are contract forms, disclosure requirements, commissions, etc. different on REO sales?
- Where can I get the CAR & REO Issues forms?
- Time for questions, tips and networking.
Questions: Call Leslie 951-894-2571
Please download the FLYER for more information.
| MLS COMPLIANCE REPORT |
July
2008
|
June
2008
|
May
2008
|
| Total Possible Violations Received |
962 |
932 |
576 |
Total
Violations Notices Mailed Out |
34 |
13 |
29 |
Total
Violation Notices Mailed Out With/or Resulting in Fines |
11 |
0 |
0 |
Total
Courtesy Calls/Emails (Does Not Count as Citation Notice) |
211 |
670 |
371 |
Fines
Due (Waiting For Payment or Possible Request For Review/ Hearing/Class sign-up) |
2 Totaling $1,500 |
0 Totaling $0 |
0 Totaling $0 |
Pending
Fines (Awaiting Hearing) |
0 Totaling $0 |
0 Totaling $0 |
0 Totaling $0 |
Pending
Fine (Awaiting Administrative Review) |
0 Totaling $0 |
0 Totaling $0 |
0 Totaling $0 |
Fines
Due After Review/Hearing (Not including Payment Plans) |
0 Totaling $0 |
0 Totaling $0 |
0 Totaling $0 |
Fines
Due (Payment Plans) |
1 Totaling $400 |
1 Totaling $500 |
1 Totaling $600 |
Fines
Pending Possible Waiver if Citation Policy Course is Attended (appropriate paperwork has already
been submitted) |
7 Totaling $5,500 |
0 Totaling $0 |
0 Totaling $0 |
Fines
Due (Accumulative: Offices Have Been Inactivated Until Fine is Paid) |
3 Totaling $4,100 |
3 Totaling $4,100 |
3 Totaling $4,100 |
Total
Amount in Fines Due (Accumulative) |
$11,500 |
$4,600 |
$4,700 |
Total
Amount in Fines Paid |
$600 |
$100 |
$1,600 |
Fines
Waived (for reasons other then attendance of citation course) |
1 Totaling $1,000 |
0 Totaling $0 |
1 Totaling $200 |
Fines
Waived After Attendance of Citation Policy Course |
0 Totaling $0 |
0 Totaling $0 |
9 Totaling $7,800 |
Total
Amount in Fines Paid/Waived |
$1,600 |
$100 |
$9,600 |
Top Areas of Citations for July
1.9 – Misuse of Data with intent to mislead – 11
2.4- Misuse of Public Remarks- 8
1.10 – Inappropriate Image and Virtual Tour Links – 4
1.4- Entry of a property listed by a non-MLS member-
2
2.3- Wrong Property Classification-2
1.5- Inaccurate listing status- 2
1.8- Conditional offers of compensation- 2
SAFETY- 2
2.1- Duplicate listings-1
