David Saks: Here It Is Again In Case You Missed It !

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Here It Is Again In Case You Missed It !





Ten Commandments For

Avoiding a Predatory

Real Estate Agent



1. Don't trust any real estate agent that would steer you into using any particular vendor, home inspector, lender, etc.

2. Don't assume that you can't qualify for a loan if you refuse to use any real estate agent's vendor, home inspector, lender or other service provider.

3. Don't let any real estate agent persuade you to make false statements on any required forms such as a disclosure statement or any other form.

4. Don't let any real estate agent persuade you to borrow more money that will exceed your debt to income ratio limits or ability to repay any loan.

5. Don't let any real estate agent trick you into believing that you've obligated yourself to any real estate transaction before you've actually done so, such as signing a disclosure form which doesn't require you to commit to a loan.

6. Don't sign any documents given to you by any real estate agent that have blanks that are not filled in.

7. Don't take a kickback at closing from any vendor that the real estate agent has provided.

8. Don't sign anything that your real estate agent gives you that you haven't read first.

9. Don't sign anything if you don't understand the tongue or language that the real estate agent is using and get an interpreter that doesn't work for the agent to help you review your paperwork.

10. Don't proceed by yourself if you don't understand the technical vocabulary of the law in any document that your real estate agent is giving you to sign and review it with a lawyer.


A violation of the Real Estate Settlement Procedures Act (RESPA), which governs any federally related loan, is serious and you and your real estate agent could be sent to prison for disregarding it.

If you believe that your real estate agent is committing fraud, taking a kickback from a vendor or committing a RESPA violation contact the FBI office in your region Http://FBI.Gov , HUD (Housing and Urban Development Http://HUD.Gov) your state real estate commission and your local real estate board immediately.

As a licensed real estate agent, I have an obligation to protect my brokerage, clients, customers and colleagues, respect the laws of my real estate commission and those of this nation that govern our community.

As an industry we have an ethical and moral obligation to protect the integrity of our profession, and are sworn to do so.


For more about RESPA Visit:

RESPA - Real Estate Settlement Procedures Act

David Saks

Time&Temp Memphis

Legal Disclaimer
Please be advised that:

 The information and notices contained in this blog are intended to summarize recent developments and news. The posts are presented as general research and information. These posts are not intended, nor should be regarded, as legal advice. Some blog posts concern allegations made in civil lawsuits and in criminal indictments in United States Courts. All persons are presumed innocent until convicted of a crime and proven guilty. Readers who have particular questions or who believe that they need legal counsel should seek the advice of a qualified attorney. It is neither the editor's or author's intention to create a confidential relationship or any broker-client relationship via communication from this site at any time. Please consult with your state real estate board if questions & answers in the education section conflict with the laws of your region or if you need clarification regarding their applicability or how they may govern the services that you provide.

By entering this web site, you understand the following:
When you select a link to an outside Web site, you are subject to the privacy, copyright, security, and information quality policies of that Web site. David Saks:
1.DOES NOT control or guarantee the accuracy, legality, relevance, timeliness, or completeness of information contained on a linked Web site;
2.DOES NOT endorse linked Web sites, the views they express, or the products/services they offer unless linked web sites, the views they express, or the products/services they offer endorse or support David Saks in accordance with the standards of the Tennessee Real Estate Commission and the Federal Government's laws regarding commerce and the application, solicitation and transmission of internet-related concerns, commerce or social networking;
3.CANNOT authorize the use of copyrighted materials contained in linked Web sites;
4.IS NOT responsible for transmissions users receive from linked Web sites;
5. That DavidSaks.Com is biographical & real estate related. Some links within will leave this site.
6. http://activerain.com/profile/davidsaks is internet-compliant & abides by the rules & regulations of the Tennessee Real Estate Commission, Eve Maxwell, Executive Director.
7. Unless indicated otherwise, ActiveRain does offer listings, or IDX and is provided for licensed salespersons, brokers, buyers & sellers of real property as a community & professional service.
8. David Saks is a retired / licensed real estate broker in the State of Tennessee, license #290452, and an independent contractor.
9. Information is believed to be accurate, but not guaranteed, at any realty link or document connected to the World Wide Web & viewable by anyone connected to the internet who has a web browser.
10. Brokers, buyers, sellers, agents & anyone should independently verify any information prior to submitting any offer to purchase goods & services from any link.
11. Please Visit The American Real Estate Alliance or Memphis.8k.Com for additional information regarding property issues for real estate professionals and consumers.


Photos © & Licensed by Nova Development

All Content Protected © 
Before you even think about
committing a real estate crime
click this red button.
Real Estate Crimes

© All Rights Reserved.





"Information generated by the Department of Justice is in the public domain and may be reproduced, published or otherwise used without the Department’s permission. Citation to the Department of Justice as the source of the information is appreciated, as appropriate."

Department of Justice Legal Policies


  Real Estate Crimes


Click "HERE" For Today's Question



TheListen Now!

David Saks Show

Saturday Nite

9pm-12am Central

University of Memphis



America's Hobby

Click Elvis

Mr.Saks' participation in ActiveRain ended April 13, 2015.

His blog archives will remain online.

May God bless you.

Comment balloon 8 commentsDavid Saks • December 15 2014 02:29PM


David, good list, brokers are supposed to safeguard their clients, there's always the unscrupulous ones that try to make an extra buck. 

Posted by Adrian Willanger, Profit from my two decades of experience (206 909-7536 AdrianWillanger-broker.com) over 5 years ago

That the truth in this business, Adrian ? Thanks.

Posted by David Saks ((retired)) over 5 years ago

David, I'm liking these 10 Commandments. There is no place in our industry for fraudulent activities.

Posted by Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor (Good Company Real Estate www.ChandlerRealEstate.weebly.com) over 5 years ago

Thanks, Troy. A RESPA violation is absolutely something I would never, ever want to incur the consequential wrath of.

Posted by David Saks ((retired)) over 5 years ago

David, good advice for buyers and sellers and a good reminder for those agents who might have forgotten! 

Posted by Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES, Florida Waterfront and Country Club Living (Tropic Shores Realty - Ich spreche Deutsch!) over 5 years ago

RESPA nichts zu täuschen um mit Silvia. Danke. Hoffnung haben Sie ein fantatic Tag vor sich haben.

Posted by David Saks ((retired)) over 5 years ago

Excellent advice when working with Realtors or anyone in the real estate business, for that matter.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 5 years ago

Thanks, Gabe.

Posted by David Saks ((retired)) over 5 years ago

This blog does not allow anonymous comments