tag:blogger.com,1999:blog-4282036372985454060Fri, 27 Sep 2024 23:06:34 +0000CE Classes / Continuing Education talk for Utah Professional Licensees.http://classstar.blogspot.com/noreply@blogger.com (Prof. Mike @ Class Star)Blogger62125tag:blogger.com,1999:blog-4282036372985454060.post-8520927816073268684Wed, 20 Feb 2013 13:56:00 +00002013-02-20T08:02:05.807-07:00 My grandfather Edward (he made us call him "Ed") was a painting contractor -- and his tools / paint brush policy was something like this ... &nbsp;when a new painter was hired, Ed supplied the painter with a set of brushes. &nbsp;The painter was 100% responsible for their care.&nbsp; On his nickle, Ed replaced any painter's brushes when the painter presented Ed with a full worn out set of http://classstar.blogspot.com/2013/02/paint-brush-policy.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-4924972691638262038Wed, 18 Jul 2012 18:13:00 +00002012-07-18T12:13:15.260-06:00 I really am a professor and I teach marketing courses. &nbsp;Just for fun, I herewith present to you... Mike's Marketing Axioms&nbsp; Axiom No. 1 Marketers have all the fun and make all the money. Axiom No. 2. Never, ever, try to fool your customer. Axiom No. 3. Entrepreneuring is marketing at its finest. Axiom No. 4. Don’t just keep your customer satisfied. Delight your customer. Axiom http://classstar.blogspot.com/2012/07/mikes-marketing-axioms.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-5687690731018871528Tue, 17 Jul 2012 20:37:00 +00002012-07-17T14:42:07.817-06:00 Paul is Dead. The Boy in the Curtains. Classic Coke vs New Coke. Public Sex &amp; Other Paris Hilton Marketing Maneuvers. Again, and probably permanently -- I’m going to diverge from the real estate industry. You all have more than you can possibly read about the trade and how to manage a career in it.&nbsp; So, just for fun … Coke released "New Coke" with more sugar in it a few yearshttp://classstar.blogspot.com/2012/07/paul-is-dead-boy-in-curtains-classic.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-4800596282828644375Mon, 21 May 2012 20:53:00 +00002012-05-21T14:53:55.403-06:00 Just Talkin ... Again, and probably permanently -- I’m going to diverge from the real estate industry. You all have more than you can possibly read about the trade and how to manage a career in it. So just for fun … If you haven’t listened to Jackson Browne’s album “Timethe Conqueror” … you should.&nbsp; It’s excellent.&nbsp; It’s not the latest by Browne ... I think &nbsp;“Timethe http://classstar.blogspot.com/2012/05/just-talkin.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-2979675818979579045Thu, 12 Apr 2012 21:35:00 +00002012-04-12T15:36:48.713-06:00Stephen Stills I’m going to diverge from the real estate industry. You all have more than you can possibly read about the trade and how to manage a career in it. So just for fun … Stephen Stills, the guitarist originally from Buffalo Springfield, then solo, then Crosby, Stills, and Nash and sometimes Young, was playing on my iPod this morning. Someone told me recently they heard Stills http://classstar.blogspot.com/2012/04/theyll-all-know-if-we-just-play.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-5117815659765828659Thu, 12 Apr 2012 15:09:00 +00002012-04-12T09:10:34.573-06:00I’m going to diverge from the real estate industry. You all have more than you can possibly read about the trade and how to manage a career in it. So just for fun … Stephen Stills, the guitarist originally from Buffalo Springfield, then solo, then Crosby, Stills, and Nash and sometimes Young, was playing on my iPod this morning.&nbsp; Someone told me recently they heard Stills playing and http://classstar.blogspot.com/2012/04/stephen-stills.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-7168661526194765398Thu, 30 Jun 2011 13:10:00 +00002011-06-30T07:10:29.008-06:00 Should foreclosure be disclosed? Foreclosure means the lender has started a legal procedure to have the property on which it holds the mortgage sold at auction. This may be a short sale, and it also may not be a short sale. A short sale is not a foreclosure but obviously the two situations can be related. What is confidential here? Say a property on Adams Avenue “under foreclosure” is http://classstar.blogspot.com/2011/06/short-sale-and-foreclosure-and.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-7062352299894049339Sat, 08 May 2010 18:52:00 +00002010-05-08T13:29:01.292-06:00Hello, All ... A few blog postings ago we began a series of ideas and articles about “business” as a social concept.&nbsp;&nbsp;The foundations of business – when understood help you become a better agent and increase your business acumen. Your clients will immediately notice and appreciate how well you are taking care of their needs.&nbsp;&nbsp;So, we can do better business when we are better http://classstar.blogspot.com/2010/05/just-talking-with-no-words.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-3416578131996985310Sun, 06 Dec 2009 20:46:00 +00002009-12-06T13:58:57.890-07:00X Utah Real Estate Licensees ... Continuing Education - CE requirements will increase from 12 to 18 hours. Licensees will need to complete 9 hours of core education and 9 hours of general education / electives to renew a license effective January 1, 2010. If your license expires in January 2010, you may renew your license in December 2009 and instead complete the current 12 hours of http://classstar.blogspot.com/2009/12/new-changes-in-utah-real-estate.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-2809434749535616535Mon, 30 Nov 2009 00:11:00 +00002009-11-29T17:44:45.340-07:00This is a series of ideas and articles and quotations about business. My profession and my training is in business, and of late we are reading about the worst of the bunch of us - those "business" folks that take billions from taxpayers in bailout … and reward themselves with bonuses for sub-par and failing work product. Enron execs go to jail after manipulation of energy markets … taking more http://classstar.blogspot.com/2009/11/commissions-are-good-i-think.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-2978922947890769437Wed, 18 Nov 2009 22:53:00 +00002009-11-18T16:32:14.405-07:00<!--[if gte mso 9]> Normal 0 false false false EN-US X-NONE X-NONE <![endif]--><!--[if gte mso 9]>http://classstar.blogspot.com/2009/11/class-star-real-estate-math-primer.htmlnoreply@blogger.com (Prof. Mike @ Class Star)1tag:blogger.com,1999:blog-4282036372985454060.post-3393629123218204830Fri, 28 Aug 2009 18:52:00 +00002009-08-28T13:38:33.223-06:00 errrr… Aspiring Land Developer - Subdivider - Marketer? So how do we as marketers affect word-of-mouth? Here’s how I did it once: With one partner, I bought 202 acres on Bear Lake [now known as Harbor Village]. The property had been historically used as a raspberry patch. There were no structures on the property. We cut in a nice gravel road and staked out boundary corners for Raspberry http://classstar.blogspot.com/2009/08/yeah-sure-youre-going-to-build-pool-and.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-8701988511140241381Fri, 28 Aug 2009 16:55:00 +00002009-08-28T13:39:00.914-06:00The Promotion Element -- Why Marketers Have More Fun.We consumers are the central focus and intended recipients of someone’s message — a promotional message, e.g., advertising. As agents we hope our adverts reach a potential client. This communication effort and the strategies behind all our messages [and others we observe] are what we do as marketers to effectively communicate with our intended http://classstar.blogspot.com/2009/08/why-marketers-have-more-fun-how-to.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-2575555792185001331Wed, 08 Jul 2009 18:09:00 +00002009-07-16T18:21:35.082-06:00Futurist Buckminster Fuller refined, tested, and eventually received a patent on the geodesic dome; a dome dwelling that you'll probably list or sell someday. I'll cover it in a future blog. This time around I want to relate some real answers about installing solar power on our rooftops, nylons for the women that don't run, and car tires that don't wear out. Actually, it's more about finance thanhttp://classstar.blogspot.com/2009/07/solar-domes-nylons-and-tires.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-6040793083321262648Sun, 21 Jun 2009 14:28:00 +00002009-06-21T08:34:03.897-06:00Utah Ranked No. 1 for Expected Economic Recovery by PR or News Wire 09 June 2009— In the midst of economic turmoil, federal bailouts, and budget deficits in more than 40 states, a new report from the American Legislative Exchange Council (ALEC) offers a roadmap to recovery based on economic performance trends from states over the last 10 years. The second edition of Rich States, Poor Stateshttp://classstar.blogspot.com/2009/06/utah-ranked-no-1-for-expected-economic.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-5708949800486522347Tue, 31 Mar 2009 21:51:00 +00002009-03-31T15:59:45.042-06:00First Time Home Buyer Tax Credit ...The new housing bill passed in February contains a First-Time Home Buyer Tax Credit. The credit is designed to encourage first-time home buyers to do so. Buy the home.First Time Home Buyer Tax Credit Rules:The home must be purchased as a primary residence.The Buyers must not have owned a primary residence in the last three years. For couples, both individuals http://classstar.blogspot.com/2009/03/first-time-home-buyer-tax-credit.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-5697146328370255383Sat, 28 Feb 2009 16:58:00 +00002009-02-28T10:29:31.892-07:00Deed of Trust and the Other Guy, and Naked RightsWe were talking the other day and a few folks had the impression the lender was the only party involved (other than themselves) in their mortgage security, and that the nice mortgage company would send back their title when they paid off the loan.'Sort of sounds correct, doesn't it?Illustration of the borrowers and the lender ... when the mortgage http://classstar.blogspot.com/2009/02/deed-of-trust-and-other-guy-and-naked.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-5385528481200398694Wed, 25 Feb 2009 21:52:00 +00002009-03-01T07:18:58.907-07:00 Vertical Leases and Management Ratios'Thought I might cover a few random concepts that are of interest to me and sort of fun to re-study …. a bit more fun than reading about the economy.... Mercy...Vertical Leases. A lease doesn’t need be only on the use of the earth’s surface. We can also lease land that extends from the center of the earth skyward. Donald Trump has made some successful sky http://classstar.blogspot.com/2009/02/vertical-leases-and-management-ratios.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-2535411597231677559Wed, 11 Feb 2009 00:24:00 +00002009-02-10T17:30:28.508-07:00 On January 22, 2009 the Title and Escrow Commission in conjunction with the Utah State Insurance Department invoked a new rule: Rule R592-13. Minimum Charge For Escrow Services. This new rule requires all title insurance agencies operating in the state of Utah to charge a uniform minimum fee for escrow services. The fee amount is determined by the purchase price/ loan amount of the http://classstar.blogspot.com/2009/02/new-utah-law-minimum-charge-for-escrow_10.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-413183515579546582Thu, 01 Jan 2009 01:17:00 +00002008-12-31T18:28:23.836-07:00Utah's New REPC Section 19.  Assignment has replaced Abrogation as the section contents.There are two concepts between the old and new REPC, Section 19 dealing with assignment and abrogation.The old REPC Section 19 was described the condition of abrogation, meaning the contract was considered "torn up" or "destroyed" after settlement and closing.  The contract doesn't mean anything and is http://classstar.blogspot.com/2008/12/utahs-new-repc-section-19.htmlnoreply@blogger.com (Prof. Mike @ Class Star)1tag:blogger.com,1999:blog-4282036372985454060.post-1648765084619322305Thu, 01 Jan 2009 00:55:00 +00002008-12-31T17:59:46.619-07:00Utah's New REPC Section 18.  NOTICESThe new REPC spells out how to deliver paperwork in this section. Once you're under contract, here's how to deliver paperwork, addendums, and notices which are properly written, signed, and receipted.This section also describes effective notice with new added Item C. Item C. states:  "received by the Buyer or the Seller, or their respective agent, or by the http://classstar.blogspot.com/2008/12/utahs-new-repc-section-18.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-6330516153422692871Thu, 01 Jan 2009 00:35:00 +00002008-12-31T17:43:18.869-07:00Utah's New REPC Section 17.  ATTORNEY FEES AND COSTS / GOVERNING LAW.This updated section clarifies that Utah law governs the contract.Old REPCSection 17.17. ATTORNEY FEES AND COSTS. In the event of litigation or binding arbitration to enforce this Contract, the prevailing party shall be entitled to costs and reasonable attorney fees. However, attorney fees shall not be awarded for participation http://classstar.blogspot.com/2008/12/utahs-new-repc-section-17.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-9191262618479173933Wed, 31 Dec 2008 03:01:00 +00002008-12-30T20:11:43.396-07:00Utah's New REPC Sections 11 - 16 Quick discussion, as the changes are few and minor in these sections:| 11. Final Pre-Settlement Walk-Through Inspection12. Changes During Transaction13. Authority of Signers14. Complete Contract15. Mediation16. Default These sections have only minor changes, if any.  The changes are mainly clarifying and break the text down into sections for better http://classstar.blogspot.com/2008/12/utahs-new-repc-sections-11-16.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-7995115843723512312Thu, 18 Dec 2008 04:43:00 +00002008-12-18T08:17:40.058-07:00Utah's New REPC Section 10. ***********************************10. HOME WARRANTY PLAN / AS-IS CONDITION OF PROPERTY. Discussion.The form has changed a little bit, and the Seller's warranties about the condition of the property have changed a lot. Essentially the Seller is no longer personally obligated to warranty that all the systems are functioning and all features are in their proper http://classstar.blogspot.com/2008/12/utahs-new-repc-section-10-condition-of.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0tag:blogger.com,1999:blog-4282036372985454060.post-1066390921933463235Tue, 16 Dec 2008 03:51:00 +00002008-12-15T21:04:03.262-07:00REPC Section 9. Addenda Utah's New REPC Section 9. Section 9 is re-named from ADDITIONAL TERMS to ADDENDA. There is a bit of rearrangment of the list of addendum names..and the Assumption Addendum is gone. Its effect is treated elsewhere. Here is the text from both the new and old REPC Section 9: New ... 9. ADDENDA. There [ ] ARE [ ] ARE NOT addenda to the REPC containing additional terms.http://classstar.blogspot.com/2008/12/repc-section-9-addenda.htmlnoreply@blogger.com (Prof. Mike @ Class Star)0