Tag Archives: real estate education

Mortgage Lender to Pay $104,000 for Income Discrimination

 (Jeff Sorg, OnlineEd) – The US Department of Housing and Urban Development (HUD) announced that Freedom Mortgage Corporation will pay $104,000 to settle allegations that it discriminated against mortgage loan applicants with disabilities by requiring them to provide medical or other documentation regarding their disability. Under the terms of the settlement agreement, Freedom will set […]

Amerisave to Pay $19.3 Million for Bait and Switch

 (Jeff Sorg, OnlineEd) – The Consumer Financial Protection Bureau (CFPB) has found that Amerisave lured consumers by advertising misleading interest rates, locked them in with costly up-front fees, failed to honor its advertised rates, and then illegally overcharged them for affiliated third-party services. According CFPB, Amerisave Mortgage Corporation, its affiliate Novo Appraisal Management Company, and […]

Three Charged In Connection With $18.5 Million Mortgage Modification Scheme

  (Jeff Sorg, OnlineEd) Preet Bharara, the United States Attorney for the Southern District of New York, and Christy Romero, Special Inspector General of the Troubled Asset Relief Program (“SIGTARP”), announced charges against PED ABGHARI, also known as “Ted Allen,” DIONYSIUS FIUMANO, also known as “D,” and JUSTIN ROMANO for a mortgage modification scheme that […]

Change to Oregon Real Estate Pre-License Requirements: Broker, Principal Broker, and Property Manager

(Salem, OR) – After April 30, 2014, only pre-license education completed on or after January 1, 2013 will meet the education requirements for Oregon real estate licensing.  Agency-approved pre-license education completed between July 1, 2001 and December 31, 2012 will NOT count toward a license after April 30, 2014. This ruling applies to the 150-hour […]

How and Where California Real Estate Exams are Scheduled

(California Department of Real Estate) – California real estate examination scheduling is based on the volume of applications received by the DRE. Examination availability is subject to the seating capacity of the facility and the demand for that site. Examinations are generally administered in the following areas: Fresno – Examinations conducted in this location are offered […]

Exchanging Real Estate Requires Knowledge Beyond Pre-License Education

By Jeff Sorg Exchanging real estate is a specialized area of real estate that requires knowledge beyond that given in preparation for a real estate license. In the context of real estate transactions, an exchange will usually be an Internal Revenue Code (“IRC”) Section 1031 Tax Deferred Exchange. The tax deferred exchange involves the transfer […]

How to Renew an Inactive Oregon Real Estate License

THIS INFORMATION HAS BEEN UPDATED!  PLEASE SEE OUR UPDATED POST FOR 2015 INFORMATION   This information on renewing an inactive Oregon real estate license is taken from the Oregon Real Estate Agency Web site. Clicking the links will transport you from On Target to the agency’s site. ========================================================================================================== Having a real estate license in inactive status means that […]