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CALIFORNIA REAL ESTATE UPDATE #3

By Duane Gomer

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A Free Valuable Newsletter

CONTENTS:


INTRODUCTION

If you know of anyone who would like to receive this valuable newsletter, please forward it to them or have them send an e-mail.

This newsletter may be used by real estate licensees as a handout or mailing piece. Simply send us an e-mail, and describe how you intend to use our information and we will send you approval to use this copyrighted material. (Please provide credit to Duane Gomer, Inc., www.DuaneGomer.com, California Real Estate Education Specialist.)

Incidentally, copies of past newsletters and some other informative articles are available for your review.


MOLD AGAIN

In our first newsletter the problems of the new four letter word mold was discussed. Lawsuits on this subject are appearing everywhere. One just made all the newspapers.

Ed McMahon, of "Here's Johnny" fame has filed a $20 million lawsuit against his insurance company, saying he was sickened by toxic mold that spread through his Beverly Hills home.

The suit seeks damages for alleged breach of contract, negligence and intentional infliction of emotional distress, and contributing to the death of his dog.


NOW IS THE TIME TO BECOME A BROKER

Recently, the DRE Commission appointed a task force to evaluate all forms of DRE education and testing. Many solid recommendations were formulated but no changes are forthcoming soon because of budgeting problems. Yes, even the DRE has to put things off because of money shortages.

Several of the proposals would make getting a brokers license more difficult and time-consuming. If you have ever consider- ed getting a brokers license, now might be a good time to get moving.

Did you know?

  • College-level broker courses passing grades have been lowered to 60% and there are no homework assignments to submit.
  • That there is a 2-year experience requirement but a four-year college degree satisfies that item. Also, experience in escrow, title, lending, contracting, sub-dividing, appraisal, etc., can qualify.
  • That college courses in your past such as Economics, Accounting, Business Law, or real estate Finance can be utilized.
  • That if you received your license after Jan. 1,1986, you have at least three of these courses completed.
For complete information about broker licenses, go to our Web site, www.DuaneGomer.com, and read our FAQ about a Brokers License, "9 Reasons To Become A Broker" and "Now Is The Time To Become A Broker". For any more questions, call Duane Gomer Seminars at 1-800-439-4909. Broker requirements are tricky and e-mailing and faxing are a slow process to gather an understanding of your personal situation. (For an example, a member of any State Bar can qualify for the Brokers Test with no other requirements while a Graduate of a Law School needs to take a real estate Finance and Appraisal class.)

P.S. In getting a Brokers' License we will say with no humility that We Are The Best.


BEST BOOKS OF 2001

Bob Bruss, the famous syndicated columnist, newsletter author, broker and investor has kindly given us permission to publish his yearly book review article. If you want to learn more about any subject, you might consider reading. Since Bob reads a business book a week, you can wisely check the books he selects as the best.

If you want to learn more about Bob's products, call Bob Bruss at 1-800-736-1736 and ask for your free copy of his California Real Estate Law Newsletter. Tell them, "Duane sent me" for the sample. Also, he has an outstanding list of National Newsletters. For more information on these articles, go to www.BobBruss.com. It will be worth your time to buy some of them.

From Bob Bruss:

Each year I get to read at least 52 new real estate books. Most are very good. A few are awful. This year was especially difficult for selecting the best because there were so many superb new real estate books published in 2001.

Today, we honor the very best "top 10" real estate books of 2001. All of these books received very favorable reviews. Each book is available in stock or by special order at better bookstores, public libraries, and www.amazon.com. Here are the 10 best real estate books of 2001.

(If you would like to order any of these books, please e-Mail Newsletter@DuaneGomer.com with your selections, your full name, address, phone number, and credit card number.)

HOME BUYING FOR DUMMIES, SECOND EDITION
By Eric Tyson and Ray Brown; $21.99, 306 pages.
This "fun read" book for home buyers includes all the important essentials, laced with humor and practical advice. The new material on Internet resources updates this classic "how to buy a home" book. Of the many books on this topic, this is by far the best.

REAL ESTATE A LA CARTE
By Julie Garton-Good $17.95; 250 pages.
Aimed primarily at home sellers, but also highly useful for home buyers, this unique book explains how home sellers and buyers can purchase just the reduced-cost professional services they need from real estate brokers. The highly-respected author, a realty broker in three states, explains why savvy realty agents should offer fee-for-services to home buyers and sellers who want less than full service.

HOW TO SELL YOUR HOME WITHOUT A BROKER, THIRD EDITION
By Bill Carey, Chantal Howell Carey, and Suzanne
Kiffmann; $19.95, 160 pages.
Real estate agents have nothing to fear from this book. They should give a copy to every "for sale by owner." It carefully details all the work do-it-yourself home sellers should anticipate when selling their homes without professional help. Most will give up and realize the benefits of hiring a realty agent to get their home sold.

HOW TO GET THE BEST HOME LOAN, SECOND EDITION
By W. Frazier Bell; $16.95, 200 pages.
Especially timely during the current home mortgage refinancing boom, this superb book explains how to locate the best home loan for your situation. From a mortgage banker's viewpoint, it emphasizes how some lenders take advantage of borrowers. The author reveals lender's dirty little secrets so borrowers won't get ripped-off.

FIND IT, BUY IT, FIX IT, SECOND EDITION
By Robert Irwin; $15.95, 198 pages.
Whether you want to buy your first home, or an investment property, this book explains the pros and cons of buying profitable residential property which needs fix-up work. The prolific real estate author shares his many personal experiences of how to look for profitable improvements which can add value to property purchases.

INVESTING IN REAL ESTATE, THIRD EDITION
By Andrew McLean and Gary W. Eldred; $19.95, 308 pages.
This is the best of the 2001 real estate books for investors. It explains all the basics, filled with many personal examples, emphasizing how to profit by acquiring profitable properties.

PROPERTY MANAGEMENT FOR DUMMIES
By Robert Griswold; $21.99, 336 pages.
Whether you own or are thinking of acquiring rental property, this great book explains professional property management techniques. Written by a "pro" with over 20 years experience managing over 600 properties and more than 35,000 rentals, the author shares practical advice for landlords who want to avoid problems.

FLIPPING PROPERTIES
By William Bronchick and Robert Dahlstorm; $18.95, 154 pages.
This unusual realty investment book recommends "flip and grow rich." It is about acquiring investment property at below-market prices, quickly fixing them up, and then profitably reselling. The authors explain the three types of "flipper" properties and how to locate these property bargains.

NEIGHBOR LAW, FOURTH EDITION
By Cora Jordan; $26.95, 254 pages.
Whether you own a house, condo or rental property, this invaluable book answers virtually every ques- tion regarding fences, trees, boundaries, noises, and other neighbor problems. This detailed "how to" book explains practical and legal methods of resolving neighbor problems at minimum cost, usually without going to court.

LANDLORDING, NINTH EDITION
By Leigh Robinson; $27.95, 375 pages.
This best-selling property management book, which has sold over 300,000 copies, is in a new format, including fresh material on how to manage real estate using computers. Practical "how to do it" problem-solving methods are emphasized. The book includes forms for virtually every property management situation.

Seven other books reviewed by Bob Bruss are available for your review.


For any questions about renewal or licensing, visit our Frequently Asked Questions about Renewal, Sales License, Brokers' License, Conditional License, Internet Testing, etc. These new pages should answer all of your questions. If you have to renew a California Real Estate License, remember our popular "All 45 Hours of Tests In 1/2 Day" program. (We can present live classes at your company or association.) Also, you can renew by home-study and take your open book exams on the Internet or with a monitor. If you know anyone who wants to get a Sales or Brokers' License, contact us at once.

Send us an e-mail if there are any subjects you would like discussed.

Thank you for all of your support and consideration.



Copyright 2002 by Duane Gomer Seminars. All rights reserved.

No part of this material may be used or reproduced for commercial gain or stored in a database or retrieval system without prior written permission of the publisher.