How “Stepped Payments” Can Make Carryback Paper Safer
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Posted in Feature Articles, Spring 2008 on April 2008
Stats: 3,383 views and Comments Off on How “Stepped Payments” Can Make Carryback Paper Safer

I had negotiated a price of $295,000 on 4+ acres of unimproved commercial land in southern California. The buyers were willing to pay $52,000 cash down and wanted the sellers to carry the $243,000 balance on a note secured by a first deed of trust with payments of $2,478.49 or more per month including 8.5% interest with the entire balance due and payable in ten years from close of escrow […]

It All Begins with a Taker
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Posted in The S.E.C. History Files, Winter 2007 on January 2007
Stats: 6,737 views and Comments Off on It All Begins with a Taker

Editor’s Note: This article was first published in the December 1972 issue of the Real Estate Observer. The sale of a listing doesn’t begin until a prospect says, “Yes, I’d like to own that property.” The buyer is a “taker.” Now, the broker must put together a transaction with which both parties can live. This […]

The Vision, The Society, The Future
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Posted in S.E.C. Education Foundation, Winter 2007 on January 2007
Stats: 2,341 views and Comments Off on The Vision, The Society, The Future

Introduction: During our meeting in November in Ontario Bill Broadbent gave us a terrific talk regarding the vision and the future of the S.E.C. Education Foundation. I asked Bill to give me a synopsis, and he has done so. It says much more, with much more credibility, than anything that I could write for the […]

My Due Diligence Procedures for Notes
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Posted in Feature Articles, San Francisco 2005 on December 2005
Stats: 1,868 views and Comments Off on My Due Diligence Procedures for Notes

When Buying a Note Secured by Real Estate! To obtain a faster sale of his property Sam Seller agrees to carry a note secured by the property he is selling to Bob Buyer. Hopefully Sam will get a reasonable cash down payment from Bob and then negotiate the terms of a carry-back note from Bob. […]

Which Seminar Should I Take First?
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Posted in Autumn 2005, S.E.C. Education Foundation on September 2005
Stats: 2,316 views and Comments Off on Which Seminar Should I Take First?

Editor’s Note: This article first appeared in the July, 1972, issue of the Real Estate News Observer. Which seminar should I take first? … is a question frequently asked among practitioners who want to take advantage of the practical real estate courses offered under the Richard R. Reno Educational Foundation. It is difficult to suggest […]

Single Agency and Buyer Representation: A Perspective
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Posted in Society Columns, Spring 2004 on May 2004
Stats: 1,566 views and Comments Off on Single Agency and Buyer Representation: A Perspective

A booklet entitled, “Who Is My Client?” published by the National Association of Realtors in November 1986 says on page 10: “Dual Agency is a totally inappropriate agency relationship for real estate brokers to create as a matter of general business practice. Undisclosed dual agency is a clear breach of a broker’s fiduciary duty to […]

Bill Broadbent, S.E.C., CCIM
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Posted in In the Spotlight, Winter 2004 on January 2004
Stats: 1,804 views and Comments Off on Bill Broadbent, S.E.C., CCIM

Instructor Profile: S.E.C. Education Foundation Bill Broadbent, S.E.C., CCIM, is President of Arnett & Broadbent, Inc. based in San Luis Obispo, California. His firm specializes in real estate investment brokerage and consulting and also purchases privately held mortgages and other debt instruments nationwide. Known nationally as the founder of Single Agency Real Estate Brokerage, Bill […]

The History of Single Agency Brokerage
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Posted in Society Columns, Winter 2004 on January 2004
Stats: 1,641 views and Comments Off on The History of Single Agency Brokerage

While attending my first California state Realtor convention in 1961, I met a broker named George Hoover, from Glendale. George indicated that the real estate industry was flawed from an agency standpoint. He felt that a licensee should represent only one party in a real estate transaction. I didn’t disagree with George’s conclusion but I […]

The RENO Education Foundation
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Posted in S.E.C. Education Foundation, Summer 2002 on July 2002
Stats: 2,088 views and Comments Off on The RENO Education Foundation

If the roots are strong, the tree will grow even stronger… In 1969, Richard Reno decided that many new ideas, formulas and SEC’s had developed techniques during the 1960s and it was time to broaden the educational spectrum in exchanging beyond his class. He selected five SEC’s and told each of us to develop a […]

The History of National Real Estate Exchange Organizations
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Posted in Spring 2002, The S.E.C. History Files on May 2002
Stats: 1,983 views and Comments Off on The History of National Real Estate Exchange Organizations

In the late 1950s Richard R. Reno of San Diego California suggested to the National Association of Realtors (NAR) that some type of exchange group be set up under the umbrella of NAR. The existing International Traders Club didn’t have much structure or function. A committee was formed to study the idea and Richard Reno […]