Tag Archives: continuing education

Fewer Home Sales and Slower Price Increases for August 2014

 (Jeff Sorg, OnlineEd) –  The RE/MAX® National Housing Report reveals fewer home sales and slower price increases for August 2014. According to the report, home sales remained below the pace set in 2013, as has been true throughout 2014.  Median Sales Price of all homes sold in the 52 metro areas surveyed this August was $202,500, which is 7.5% […]

Home Ownership Remains Foundation of The American Dream

 (Jeff Sorg, OnlineEd) –  According to the latest COUNTRY Financial Security Index® survey, 89 percent of Americans feel that buying a home is an important part of achieving the American Dream and remains a highly desirable goal. Sixty-four percent believe owning a home is an attainable goal for the typical middle-income family, which is an increase from […]

Flipping Drops to 2-Year Low

(Jeff Sorg, OnlineEd) – RealtyTrac® reports in its Q2 2014 U.S. Home Flipping Report that nearly 31,000 single family homes were flipped in the second quarter of 2014. This represents 4.6 percent of all sales nationwide, down from 5.9 percent in the first quarter of 2014 and down from 6.2 percent in the second quarter of 2013. […]

FirstBank Mortgage Partners to Pay $ 35,000 – Allegedly Denied Home Loan to Applicant on Maternity Leave

(Jeff Sorg, OnlineEd) – The U.S. Department of Housing and Urban Development (HUD) announced that Jackson, TN-based mortgage lender FirstBank Mortgage Partners will pay $35,000 to settle allegations that it violated the Fair Housing Act when it denied a mortgage loan to a couple because one applicant was on maternity leave. The Fair Housing Act makes it unlawful […]

Do You Need an Oregon Real Estate License?

  (Jeff Sorg, OnlineEd) –  Anyone who conducts professional real estate activity within the State of Oregon is required to have a real estate license. Oregon defines professional real estate activity as any of the following actions, when engaged in for another and for compensation or in the expectation or upon the promise of receiving or collecting […]

Builder Confidence Rises for Third Consecutive Month

 (Jeff Sorg, OnlineEd) – The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for August, released today, shows its third consecutive monthly gain. This is its highest level since this January. The Builder confidence in the market of newly built, single-family homes rose to 55, up two points. “As the employment picture brightens, builders […]

If You Are Licensed in Another State and Want to Become an Oregon Principal Broker

(Jeff Sorg, OnlineEd) If you want to become an Oregon Principal Broker but are not currently licensed in Oregon, you must meet these qualifications: Be 18 years old; Have a high school diploma, GED or international equivalent; and Have three years of active real estate license experience. If you qualify, you must complete these steps: […]

CFPB Issues Memorandum on Equal Treatment for Same-Sex Married Couples

On June 26, 2013, in United States v. Windsor, the U.S. Supreme Court struck down Section 3 of the Defense of Marriage Act as unconstitutional. In order to fully implement this decision, the Consumer Financial Protection Bureau (“CFPB”) took steps to clarify how the decision affects the rules for which they are responsible. CFPB Director Cordray […]

Consumer Financial Protection Bureau, Federal Partners, and State Attorneys General File Order Requiring Suntrust to Provide $540 Million in Relief to Homeowners for Servicing Wrongs

Company Also Ordered to Pay $10 Million for Servicing Misconduct and Fined $418 Million by the DOJ (CFPB -WASHINGTON, D.C.) — Today the Consumer Financial Protection Bureau (CFPB), Department of Justice (DOJ), Department of Housing and Urban Development (HUD), and attorneys general in 49 states and the District of Columbia filed a proposed federal court order […]

U.S. Supreme Court to hear mortgage loan officers’ pay case

(Reuters) – The U.S. Supreme Court on Monday agreed to weigh a dispute over whether mortgage loan officers are exempt from minimum wage and overtime pay regulations. The two related cases concern a decision in 2010 by the U.S. Labor Department, which reversed a 2004 finding made during the administration of President George W. Bush […]