Fire Side Chat with Michael – Broker Brown Bag
Check out this weeks “Fire Side Chat” with Michael!! The August Broker Brown Bag is just around the corner and he has lots of great information for you!
Latest Publications
In the Loop with Lorri 7/30/10
The Back to School Project!!
Is The Department of Real Estate Cracking Down?
Calif. revokes real estate licenses at record pace
LOS ANGELES – The California Department of Real Estate said Wednesday it revoked a record number of real estate licenses in its most recently completed fiscal year.
The department revoked 633 licenses for cause in the 12 months ended June 30, up from 574 in the prior-year period, the state said.
It also collected 90 licenses surrendered by real estate professionals facing disciplinary action and 163 from individuals who had their license suspended.
In all, 886 real estate brokers and others licensed in California lost or gave up their license, up from 826 in the fiscal year ended June 2009.
The revocations have increased the past four fiscal years as disciplinary actions against licensees have risen, fueled by abusive practices and scams related to loan modification and short sales, among other schemes, the state said.
The department now has nearly 5,400 open investigations.
Congratulations Keller Williams Associates You’ve done it again!
Congratulations Keller Williams Associates!!! You’ve done it again… for the third year in a row, the highest score in the J.D. Powers Buyer’s Satisfaction Survey.
Daily Real Estate News | July 28, 2010 | 
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Satisfaction with national real estate companies among home buyers has improved while satisfaction among home sellers has declined in the last year, according to the J.D. Power and Associates 2010 Home Buyer/Seller Study, released Thursday.
J.D. Powers collected 3,000 evaluations from 2,817 respondents who bought or sold a home between March 2009 and April 2010. Overall satisfaction with the buying experience is determined by rating satisfaction with the practitioner, the office they represent, and a variety of additional services. Four factors are examined for the home-selling experience: the quality of the practitioner’s performance, marketing, the office they represent, and other services.
“Among both home buyers and home sellers, the importance of [practitioners] and salespersons has increased substantially in 2010, compared with 2009,” said Jim Howland, senior director of the real estate and construction practice at J.D. Power, in a statement.
“Buyers are increasingly relying upon negotiating skills of [practitioners] and seem to be satisfied with the purchase prices they are obtaining. Despite the fact that sales practitioners appear to be doing a good job of negotiating and marketing on behalf of home sellers, the tough economic conditions are negatively impacting their overall satisfaction with real estate companies,” Howland added.
On a 1,000-point scale here are the scores in the home buyer segment:
1. Keller Williams, 817
2. Prudential, 811
3. Coldwell Banker, 805
4. Home-Buyer Segment Average, 803
5. RE/MAX, 801
6. Century 21, 798
7. ERA, 785
8. GMAC/Real Living, 765
Satisfaction ratings on a 1,000-point scale from home sellers:
1. Prudential, 760
2. Keller Williams, 751
3. RE/MAX, 744
4. Coldwell Banker, 743
5. Home-Seller Segment Average, 742
6. Century 21, 727
Source: J.D. Power and Associates (07/28/2010)
Why Office Space In Long Beach Ca?
Long Beach Office Space In-depth
Long Beach is the 36th-largest city in the United States and the 5th largest in California. In addition, Long Beach is the 2nd largest city within the Los Angeles metropolitan area. The city surrounds the city of Signal Hill.
Long Beach office space has provided homes for the headquarters of Epson America, Molina Healthcare and SCAN Health Plan. Long Beach has grown with the development of high-technology and aerospace industries in the area.
The Port of Long Beach import and export more than $100 billion worth of goods every year. The seaport provides the country with jobs, generate tax revenue, and supporting retail and manufacturing businesses.
By operating your business with retail space in Long Beach, you may qualify for tax incentives, including Enterprise Zone, Retail Sales Tax, Foreign Trade Zone and the HUB Zone.
The City of Irvine is an award winning master-planned community where excellent quality of life is the way of life. Irvine offers ample opportunities for dining, shopping, recreation and leisure, housing, education, and community services for people who work and/or live here. By operating your business with office space in Long Beach, you may qualify for tax incentives, including Enterprise Zone, Retail Sales Tax, Foreign Trade Zone and the HUB Zone.
In the Loop with Lorri 7/14/10
KWCP working hard and having FUN!
Fire Side Chat 7/12/10
Fire Side Chat with Michael
“Challenging the Status Quo”
What is the median home price in California?
Fast Facts
Calif. median home price: May 2010: $324,430 (Source: C.A.R.)
Calif. highest median home price by C.A.R. region May 2010: Santa Barbara So. Coast $905,000 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region May 2010: High Desert $126,430 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index - First quarter 2010: 66 percent (Source: C.A.R.)
Mortgage rates: Week ending 7/1/2010 30-yr. fixed: 4.58 Fees/points: 0.7% 15-yr. fixed: 4.04% Fees/points: 0.7% 1-yr. adjustable: 3.80% Fees/points: 0.7% (Source: Freddie Mac)
