Archive for the Federal Law Category

National Coming Out Day; We’ve come a long way in real estate and lending

Jillayne Schlicke on 10 10, 2011 | 5 Comments

National Coming Out Day; We've come a long way in real estate and lending

October 11th is National Coming Out Day.  As an educator in the real estate and mortgage lending sector, I enjoy hearing stories from students about what it was like to sell real estate and originate

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Is the Seller a “Foreign Person”? Buyers, FIRPTA Says You Better Find Out

Craig on 10 7, 2011 | 30 Comments

This is not legal advice. For legal advice, consult an attorney in person about your specific situation. Never rely on a blog. The Foreign Investment in Real Property Tax Act (FIRPTA) is a federal

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Loan Originator Feels Entitled to Overage and Asks for Jillayne’s Advice

Jillayne Schlicke on 01 4, 2011 | 86 Comments

This is a good representation of the emails and blog comments I receive daily over at the NAMF website on the topic of loan originator compensation: Dear Jillayne, I read your article because I am tr

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13 Reasons Why 30% of LOs Fail the National Loan Originator Exam

Jillayne Schlicke on 12 29, 2010 | 14 Comments

The first time "pass" rate of the national loan originator exam has fallen to 69 percent.  This is an indication that the test is not too easy.  A high pass rate means an exam is too easy.  A low p

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