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  • "Owning a home should never have to be a "dream" for anyone. The responsibility of every real estate agent is to make home ownership a "right" & "reality".<br> -David Saks-
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Real Estate Broker

Joined 07/09/2008

David Saks

Broker

The Real Estate Mart of Tennessee, Inc.

Website

(901) 357-4663

David Saks, b. 1952, a native Memphian, musician & real estate broker, has been honored by the local government & the Memphis City Council for his contributions to the arts. David attended Rhodes College & the University of Memphis, & spent a year as a volunteer in Israel during war in the Golan Heights. Along with his biography pages at Http://DavidSaks.Com & blog pages at Active Rain, his Real Estate News & Advice page, Http://Memphis.8k.Com, is a popular site for real estate topics with it's massive network of links. In addition to his work with a Memphis radio station & morning show for several years, he is known to be a fierce opponent of predatory lending, speaks openly about combating mortgage fraud & encourages fair housing practice. His father was with Marx & Bensdorf in the 1950's, & his uncle, Frank Romeo, Jr., a past president of the Memphis Area Home Builders Association. Today, David concentrates primarily on statistical matters & focuses much of his work on changes in technology. David's interests include healthy food, good exercise, playing the piano & the March of Dimes.
David, as licensed real estate broker and Realtor®, has dedicated himself to addressing the needs of fair housing while aggressively opposing predatory lending. In 1990 and 1991, David as pianist and composer, was honored by the Memphis City Council by having two of his songs, "In Memphis" and "One Last Bridge", adopted as the "Official Songs of Memphis" in unanimous resolutions. David has demonstrated empathy and compassion for those less fortunate, has made special effort to assist in community endeavors for the physically challenged, and has supported their community service efforts. He attended Rhodes College and the University of Memphis. In 1972, David was a guest in the Cambridge, Ma. home of Professor John Kenneth Galbreath ("The New Industrial State"), Department of Economics at Harvard University and United States' ambassador to India under President John F.Kennedy. In 1974 he spent a year working and studying in Israel along with students from Harvard, Yale, Princeton, Colgate, Baylor and Oxford Universities. In 1975 he was a piano student of Art Bayer at the San Francisco Conservatory of Music, and the late Herbert Hermann at the University of Memphis. He has played in Steinway Hall in London and New York and is recognized in the Steinway Registry. His compositions are in the music collection of the Library of Congress. His recorded works and songs in the Memphis Collection of the Memphis Public Library. On August 16,1977 David was visiting with friends at Graceland, the home of Elvis Presley, and left shortly before Elvis was tragically found unconscious and taken to the hospital. On January 8,1993, Elvis' birthday, David was honored by Graceland and the United States Postal Service as the recipient of the first officially cancelled Elvis Presley stamp and first day cover. David was a long-time radio personality in Memphis and was instrumental in placing Southwestern (aka Rhodes College) radio station, WLYX, on the air in 1971 and is well known throughout Memphis and the Mid South. He was a popular radio personality and musician during the 70's, 80's and 90's. David was the orginal lobby pianist for the grand reopening in 1981 of Memphis' Grand Hotel, The Peabody, at the request of owner, friend, and prominent real estate leader, Jack Belz. As a matter of trivia, Elvis Presley's tailor and clothier, Bernard Lansky of Lansky Brothers Fine Clothing, provided David with two new tuxedos as a gift to perform in for the occasion. David is also a regular contributer to the editorial section of Memphis' most widely read and circulated daily newspaper, the Commercial Appeal. He has also been recognized by REALTOR® magazine. As a broadcaster, David has been instrumental in raising money for numerous charities throughout his native Memphis and Shelby County. He has performed for many audiences, and has committed himself to assisting charitable community service projects the likes of the Special Olympics, the Muscular Dystrophy Foundation, United Way, Jewish Family Services, Young Womens Christian Association efforts to support and protect abused women and children, Avon School for the mentally challenged, Mid South Amateur Radio Association, Sheltered Occupational Workshops for the mentally challenged, the Lions Club for the Blind, Habitat For Humanity, St. Jude Children's Research Hospital founded by the late entertainer Danny Thomas, March of Dimes and others. David continues to support efforts to combat predatory lending practices. He occasionally plays the piano for friends and family when about town.
Quote David:
"Owning a home should never have to be a "dream" for anyone. The responsibility of every real estate agent is to make home ownership a "right" & a "reality", in conformance with fairness, the principles of sound ethical judgement, justice & the laws of our nation."

DAVID SAKS IS A MEMBER OF:

THE TENNESSEE ASSOCIATION OF REALTORS

THE MEMPHIS AREA ASSOCIATION OF REALTORS

THE NATIONAL ASSOCIATION OF REALTORS

LICENSED BY THE TENNESSEE REAL ESTATE COMMISSION

E&O: Rice Insurance Services Company, LLC (RISC)

Quote David:

"I'm a real estate broker, born in Memphis and proud to be from the great State of Tennessee, and a musician. I'm semi-retired and not a salesperson though actively licensed and insured, and I understand the complexities of real estate sales, service and practice very well and delight in assisting others in the process. I continue to serve as a real estate technology manager and work pro bono. I've passed many referrals along to agents, as well, and have never accepted any payment for any referral of any kind. I've referred hundreds of students to real estate schools in Tennessee, including the Ray Bouder Schools, of which I am extremely proud to have done and continue to do whenever the opportunity permits.

I enjoy real estate analysis and, each day, examine the philosophy, psychology, moral values and rules of a magnificent and highly honorable profession which has enriched my life, and of which I'm extremely proud to be a member. I believe that, more than anything else, success is waking up and getting out of bed each morning. I trust in the Lord's guidance with my heart because He's allowed me to share His love and my life this day with my family, my friends and my colleagues."

Education

The following list is a record of mandatory and continuing education courses of study, categories of classes, and educational providers demonstrating satisfactory completion of all requirements for licensing as both an affiliate broker and broker in the State of Tennessee as required by the Tennessee Real Estate Commission. You may verify this information at Tennessee Real Estate Commission License Search .

THE BUSINESS OF COMMERCIAL REAL ESTATE:RAY BOUDER SCHOOLS OF REAL ESTATE
CONTRACT WRITING: RAY BOUDER SCHOOLS OF REAL ESTATE
FACILITATOR/AGENCY ISSUES: RAY BOUDER SCHOOLS OF REAL ESTATE
ADVANCED TECHNOLOGY IN REAL ESTATE: THE CAREER INSTITUTE
PROFESSIONAL PROPERTY MANAGEMENT: THE CAREER INSTITUTE
TENNESSEE REAL ESTATE COMMISSION CORE COURSE & LAW REVIEW 05/06: TENNESSEE REAL ESTATE COMMISSION
TENNESSEE REAL ESTATE COMMISSION SPRING 2005 SEMINAR & LAW REVIEW: TENNESSEE REAL ESATE COMMISSION
BROKER OFFICE MANAGEMENT: RAY BOUDER SCHOOLS OF REAL ESTATE
1ST TIME HOMEOWNERSHIP: TENNESSEE HOUSING DEVELOPMENT ASSOCIATION - BUSINESS DEVELOPMENT SECTOR
FAIR HOUSING - LENDING AMERICANS WITH DISABILITIES ACT: FAIR HOUSING ALLIANCE MEMPHIS
TECHNOLOGICAL ADVANTAGES: REAL ESTATE COACHING INSTITUTE
COURSE FOR NEW AFFILIATES: RAY BOUDER SCHOOLS OF REAL ESTATE
TENNESSEE REAL ESTATE COMMISSION CORE & LAW REVIEW 03/04: CAPE - COMMONWEALTH ACADEMY
PRINCIPALS OF REAL ESTATE PART 1 & 2: RAY BOUDER SCHOOLS OF REAL ESTATE

The additional following educational record may be verified at The Memphis Area Association of Realtors

MLXchange TRAINING 03/26/07
TREC CORE COURSE TN REAL ESTATE LAW REVIEW '05-'06 06/27/05
THDA-FIRST TIME HOMEBUYER SEMINAR 6/10
2005 & 2008 NATIONAL ASSOCIATION OF REALTORS QUADRENNIUM ETHICS PHASES 1 & 2

Quote David:

"Real estate agents, attorneys, appraisers and lenders must always be prepared to answer questions about real estate financing, foreclosure, title theory, RESPA, inspection issues, predatory lending matters, brokerage, deeds, property law, listings, agency and disclosure issues, real estate math, sales contracts, Tennessee real estate laws, the real estate laws of other states and countries, leases, appraisal issues, fair housing, the NAR code of ethics, and many other subjects relevant to our profession. It's been said that education costs money, but then so does ignorance.

I work in a community ravaged by foreclosure and poverty, and I try to help distressed homeowners find ways to keep their homes rather than sell them, and I don't get paid to do that. It's what I want to do. I'm trying to redefine what the most important responsibility of a real estate broker should be because of the housing tragedy facing our nation. I couldn't sell, as a listing agent, the home of a family afflicted by financial, medical or legal dissolution, without first trying to save it, because of my heart. There are those within my company that render this service with great honor when called upon, and they try to save what they can of the homeowners equity, credit and dignity."

Brokerage Website:The Real Estate Mart of Tennessee, Inc.

Tribute

I have known David Saks for many years. I can confirm that he is a man of great integrity, is extremely dedicated to his family and work, and is entirely peace loving. Furthermore, David has been honored by the Memphis City Council for his work in the arts and music, and has given much of his time to charitable causes. I am proud to know him.

Dr. Joseph Krisak - Clinical Psychology

David is integrity minded and honest. David would never breach the substance of loyalty and honesty. David has been a great service to the community with his efforts for charitable concerns. He has been honored by the local government for his contributions to the arts. His reputation is a fine one.

San Billings - Artist

David has been an excellent role model for his friends and family. He demonstrates extreme patience in most any project. I feel these attributes demonstrate someone with an exceptional character.

John McCormack - Clear Channel Broadcasting

My Comments

  • Mr. Lublin: I've reduced my
    By David SaksJuly 12, 2008 - 4:21am

    Mr. Lublin: I've reduced my response to it's lowest common denominator for you. I've made no specific reference and used the term "industry professionals" in my last entry. I've also committed to generalization without smearing pie in anyones face. I did suggest a possible scenario with the banks and the appraisals, including BPO's, in my first entry that seems to stalk me now. I've additionally not used the terms "mortgage broker" or "mortgage banker" in the same sentence with the term "lender" which should vindicate me of your accusation of "...unfairly blaming lenders", of which, however, you seem to have charged full circle by taking it upon yourself to cast blame where blame is due with "....for the connivances of the people who originated the loans, some of whom worked for those companies, but many of whom were mortgage brokers, or bankers who were obtaining wholesale funds ...", to wit"...some of the lenders themselves may have culpability, but unless that's demonstrated, I'm not sure they shouldn't be given the benefit of the doubt". You're clearly vocal about who may or may not be at fault, Mr.Lublin. Perhaps a poll should be taken which could put the issue at rest as to who is to blame. Without compromising the string, if I've suggested anything, it's that some lenders could share the blame. David Saks Real Estate Broker

  • Mr. Lublin: Respectfully,
    By David SaksJuly 11, 2008 - 10:23am

    Mr. Lublin: Respectfully, you've clearly demonstrated a deficiency in the skills necessary to differentiate definition and favorably disposed advice, not antagonistic or hostile, from accusation, as you've suggested by claiming that I have presented you with a contradiction. Your observation is a prevarication of my intent. Perhaps I should have elaborated that homeowners whose residences are in foreclosure have been subjected to fraud, deception, and unfair dealing. The recent rapid escalation of home values, particularly in urban areas, resulted in significant increases in home equities, which are usually the greatest asset held by homeowners. During the period of time between the commencement of the foreclosure proceedings and the scheduled foreclosure sale date, homeowners in financial distress, especially the poor, elderly and financially unsophisticated, have been vulnerable to the importunities of industry professionals who induce homeowners to sell their homes for a small fraction of their fair market value through the use of schemes which often involve oral and written misrepresentation, deceit, intimidation and other unreasonable commercial practices. If you must have proof, proof it is for your perusal, sir, and I would refer the following for your further investigation which may serve as a healthy indicator of that which orients you generally as to the character of my statement, of which you implied to be contradictory in nature, of which I also disagree. http://www.MortgageFraudBlog.Com http://www.mortgagefraud.org http://www.museumofhoaxes.com http://www.mortgagebankers.org/FBIMortgageFraudWarning.htm http://www.fraudblogger.com http://mbafightsfraud.mortgagebankers.org/fraudupdates/industryupdates.aspx http://mbafightsfraud.mortgagebankers.org http://www.topblogarea.com/sitedetails_3441.htm http://www.usdoj.gov/criminal/fraud.html Good day, sir. David Saks Real Estate Broker

  • First, I'd like to thank Mr
    By David SaksJuly 11, 2008 - 6:28am

    First, I'd like to thank Mr and Ms. Darney for the opportunity to engage in this dialogue. Mr. Lublin: You said: "The influx of agents into the REO market without experience in that market is a more likely cause of such a problem." I disagree. I do believe, however, that such a comment, which is a baseless reproach, albeit a mild rebuke and criticism for misdeed ascribed to an amateurish and raw level of skill, will be perceived by those "unexperienced agents", your competitors and colleagues, as characteristic of someone having an inflated or rather hyperbolic idea of their own importance when it comes to engaging in a discussion intended to produce a satisfactory agreement with any bank. You begin with "...been an REO broker for 20 years" and end with inexperienced agents are responsible for the problem. I don't have any trouble with your attempt to sell your experience, just the blame portion of your comment. I saw it coming like a bad movie script with a predictable ending. We can't all be Jedi Masters in the REO arena, but I don't believe agents are uniquely responsible, either. Additionally, I don't think you understand what I said. What I said is that banks can hold up the sale while waiting for market correction. Overpricing is part of the psychology behind that action. Recession is generally considered to be the state of the economy declining, and a widespread decline in the GDP, employment and trade lasting from six months to a year. The declines have been well over a year now, inflation is rampant, and the government continues to deny the fact that the country is in a recession. Additionally, as you well know from your twenty years of service, Broker Price Opinions (BPOs) are used by brokers/salesmen as a service to their clients or potential clients to determine a competitive listing price on a property. Banks and other lenders have been seeking brokers to provide BPO’s on Real Estate Owned (REO) properties for some time now. Real estate agents are advised to insert this or similar language into the BPO: "This is a suggested listing price done in anticipation of getting the listing." Also, we're cautioned not to use the word "value". The appraisal division of any real estate commission may consider any information using the word "value" as an appraisal, which a real estate agent is not allowed to perform. I'm not a certified fraud examiner, but I also believe that anytime something is intended to deceive a customer or client by deliberate trickery intended to gain an advantage, perpetrated by a bank or groups of banks or lenders who make deceitful pretense regarding value, and that intentional deception results in an injury to a client or customer, that bank, commercial, residential or industrial activity will suffer because that banks reputation is now perceived as counterfeit, worthless and void of integrity by consumers. I view seriously the Darney's concerns that banks are not pricing properties fairly. There are always benefits to be derived from ethical behavior in business. When a customer or client believes that you have worked in a professional and honest manner in their behalf, and have protected their interests, they'll refer others to you. When you point a finger at any group it's a good idea to have the evidence in hand to back up your accusation. In my state, bankers have said that the relative health of the Tennessee economy had protected them to some degree from more serious problems experienced in states such as Florida and California. But even so, most regional and local banks have been slammed by their share of unpaid or past-due real estate loans. I don't subscribe to local theory. The world is more connected than it was twenty years ago. David Saks Real Estate Broker

Friends

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