Category Archives: Nevada Real Estate

Report Shows Just 14.7% of Tenants Moving Out Purchased a Home

According to a recent report by John Burns Real Estate Consulting, affluent renters are slow to buy a home. John Burns Real Estate Consulting studies apartment space to determine what trends will impact the for-sale housing market. Here are some of their findings: During the housing boom of the early to mid-2000s, roughly 1 in 5 renters leaving […]

Mortgage Lender to Pay $250,000 for Deceptive Advertising

The Consumer Financial Protection Bureau (CFPB) has announced a consent order against RMK Financial Corporation, ordering it to pay a penalty of $250,000 for deceptive advertising. RMK is a  California-based mortgage lender doing business under the name Majestic Home Loans. According to the CFPB press release, RMK mailed print advertisements to more than 100,000 consumers in […]

TILA/RESPA Forms Toolkit for Borrowers and Free Course for Real Estate Brokers

(Jeff Sorg, OnlineEd) – The Consumer Financial Protection Bureau (CFPB) has released a new toolkit to help guide borrowers through the process of shopping for a mortgage. Developed for the CFPB’s “Know Before You Owe” mortgage initiative, the kit is designed to help consumers understand and take advantage of the new Loan Estimate and Closing Disclosure forms that mortgage lenders are required to begin […]

OnlineEd Risk Management Series: Liability Based on Violation of Law

(Jeff Sorg, OnlineEd) – Managing risk requires a basic understanding of the legal theories upon which legal liability is based. Statutes, regulations, and court cases define the relationships between a licensee (real estate or mortgage) and a seller, buyer or borrower. These laws are constantly evolving. As a result, licensees must continually keep up-to-date on changes […]

Multiple Listings Services Continue to Flock to Zillow®

(Jeff Sorg, OnlineEd) –  Zillow® has announced that another 24 new MLS partners have signed agreements in the past week to send their listings directly to Zillow® and Trulia®, including the Combined Los Angeles/Westside MLS (CLAW). “With every partner that decides to send Zillow and Trulia a direct feed, it improves the overall accuracy as well as home shoppers’ […]

Real-estate Crowdfunding Tops $1 Billion 2014 – an Expected $2.5 Billion in 2015

(Jeff Sorg, OnlineEd) – Crowdfunding is defined as the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet. While most people think of this practice as a group of friends adding their finances together to fund a honeymoon or finance some smaller business venture, it is being […]

Accredited Luxury Home Specialist Course Online Exclusively at OnlineEd

(Jeff Sorg, OnlineEd) – The coveted ALHS (Accredited Luxury Home Specialist) designation is maintained and managed by the Luxury Home Council, a group of real estate experts specializing in the sale of luxury homes. The ALHS program is designed to provide agents with advanced training in the field of selling luxury homes. This course is […]

Homeowners Can Now Watch Zestimate Update Immediately After Changing Their Home Facts

(Jeff Sorg, OnlineEd) –  Zillow® announced today that homeowners can now see an immediate change to their Zestimate® home value when they edit facts about their home on Zillow. Previously, it took as long as several weeks for the Zestimate to update. Zillow calculates Zestimates for 100 million U.S. homes using a sophisticated and proprietary algorithm that […]

MetLife Home Loans to Pay $123.5 Million to Resolve Alleged FHA Mortgage Lending Violations

(Jeff Sorg, OnlineEd) – In an announcement released by the United States Department of Justice, MetLife Home Loans LLC has agreed to pay the United States $123.5 million to resolve allegations that MetLife Bank N.A. (MetLife Bank) violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S. Department of Housing and Urban […]