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California Real Estate Industry News

Friday, November 20, 2009 Filed Under Real Estate License

Approximately 200 Bay Area real estate professionals gathered at the Computer History Museum in Mountain View to assess the current real estate market in California. The third annual Bay Area Multi-Cultural Real Estate Summit, which took place Sept. 28, was organized by 15 real estate associations. The Silicon Valley Association of Realtors hosted the event. The summit featured industry officials as speakers, and panels of experts on legal, tax, financing alternatives, short sales and escrow issues.

California Association of Realtors treasurer Don Faught said the positive climate in the market today is largely due to the first-time homebuyer tax credit. Together with the National Association of Realtors, Faught said his association is urging lawmakers to extend the first-time homebuyer tax credit and expand it to include repeat buyers.            Keynote speaker Jeff Davi, California Department of Real Estate Commissioner, stressed the importance of realtors in helping homebuyers in the current market. The situation is better for homebuyers who are seeking to purchase homes for the long-term, he said.  “We know the rates are very low today,” Davi said. “The crazy instruments are gone and replaced with more reasonable financial instruments. If you are able to buy a home and intend to have a roof over your head for you and your family in California today, you will be better off.” Davi highlighted the impact of the market on multicultural homebuyers with data that show in the past 12 months, 35 percent of first-time homebuyers were white, 30 percent Latino and 22 percent Asian.

It is important for sellers to price their homes right, according to Dennis Moreno, a realtor with MGM Real Estate in Sunnyvale and member of the Silicon Valley Association of Realtors. He cautioned against overvaluing a home. Sellers need to be realistic and understand they cannot squeeze more value than their house is worth, he said. “It’s just like squeezing out what’s left in a tube of toothpaste,” Moreno said. “You can only squeeze what’s there.”

Over the last six months we've seen a substantial increase in interest of obtaining a Real Estate License from our clients. Freedom Business School offers courses in all aspects of Real Estate including Exam Preparation for the Salesperson's and Broker's license. Our courses include: Real Estate Principles, Real Estate Practice, Real Estate Finance, Real Estate Appraisal, Legal Aspects of Real Estate, Real Estate Economics, Mortgage Loan Brokering & Lending, Escrows and Property Management. This is the category of courses that students must complete before they may obtain their Real Estate License. Salespersons only need to complete Real Estate Principles, Real Estate Practice, and one other course. Brokers must complete 8 courses before they even apply to take the State exam. Freedom Business School is unique in offering DVD lectures along with the course textbooks. These lectures prepare the student for the qualifying course final exam. Every fact that the student is tested on is highlighted and discussed during the DVD lecture. Online course final exams are available for all qualifying courses. Students also have the option of taking the traditional paper-and-pencil exam with a proctor.                                              

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Freedom Business School offers License Qualifying Courses in all aspects of real estate including Salesperson's and Broker's Exam Preparation. All of our Real Estate License courses are written by the industry professionals and approved by the California Department Of Real Estate (DRE).