Thursday, February 16, 2012

Reminder: No Classes on Monday

There are no classes this Monday due to the observation of the Presidents' Holiday.

RESIG Scholarship Spring 2012

We are pleased to announce that California State University, Fresno has been awarded a special Real Estate Scholarship and Internship Grant (RESIG) from the CSU Real Estate Education Endowment Fund for the 2011-12 Academic Year. These targeted funds are available to undergraduate and graduate students majoring in real estate or other related fields of study who intend to pursue a career in real estate. To qualify for a RESIG scholarship or internship award, students must meet the following eligibility requirements:

Minimum 3.0 cumulative GPA over the last two semesters or more;
♦ Full-time student with at least 12 units;
♦ Enrolled and/or completed at least 2 real estate courses during the 2011-12 AY;
♦ Internship will satisfy 1 of 2 course requirements if real estate oriented;
♦ Minimum junior standing; and, everything else considered,
♦ Awards will be prioritized on the basis of economic need.

If you are interested in obtaining a RESIG award for the Spring, 2012 semester, simply go to and complete the on-line application form. Diligence is essential; only complete and accurate applications will be considered! The deadline for submitting a RESIG application is Friday, March 30, 2012, but students are encouraged to apply sooner rather than later. Awards will be based on the merits, needs and number of qualified students applying. RESIG recipients will be notified of their selection upon verification of eligibility requirements by the CSU Real Estate & Land Use Institute. For more information on RESIG awards, please contact John P. Mahoney at (559) 278-4990 or Thank you.

Thank you, Manco Abbott and Christopher Lee

Thank you, Manco Abbott for sponsoring the guest speaker event 2/16/12

"Emerging Real Estate Opportunities in Times of Change"

Guest speaker and national real estate analyst, Christopher Lee presented the opportunities that are available in all segments of the real estate industry.

Thank you, Christopher Lee, for your words of wisdom that times of change lead to opportunities and how we can embrace those opportunities to become successful in the real estate industry.

Monday, February 13, 2012

Scholarship Opportunity - CEO of Tomorrow

CEO of Tomorrow Scholarship

Who Can Apply:

Undergraduates, MBA Students

Application Deadline:

July 1, 2012

Minimum GPA Required:


Amount of Award:



As a source for CEO news and inspiration for chief executives, is interested in the success of not only the business leaders of today, but also the CEOs of tomorrow.

For this reason, we are awarding a $2,500 scholarship to students interested in business leadership and/or entrepreneurship. The following submissions are required to be considered for the scholarship: (1) A short online survey and (2) a 500-1000 word essay on “the CEO of tomorrow”. Possible topics could include (but are not limited to) company structure, company culture or utilization of technology.

To apply, complete the survey and essay on their website found at

Enrollment Requirement:

The CEO of Tomorrow Scholarship essay contest is open only to those legal residents of the fifty (50) United States and the District of Columbia who are eighteen (18) years of age or older at the time of submission and who are currently enrolled in an accredited college or university or who will be enrolled by November 1, 2013. Current employees, officers, directors and agents of Sponsor and its related companies and members of their immediate families (defined as spouse, parents, siblings and children) and persons residing at the same address are not eligible to be awarded this scholarship. Void where prohibited.

Area of Study:

General, Business or MBA

Scholarship Opportunity - Lendio

Who Can Apply:

Undergraduate, MBA students

Application Deadline:

July 1, 2012

Minimum GPA Required:


Amount of Award:



Brock Blake, The CEO of Lendio, once won a similar scholarship in an entrepreneur contest during college. He used the money to start his own career as an entrepreneur, and now wants to give back and help other aspiring business owners get a similar head start.

To apply, submit a 500 – 1,000 word essay along with your contact information to scholarship(at) Click here for Official Rules and Terms.

Tuesday, February 7, 2012

CAN you help?

FEBRUARY 11, 2012 9 AM - 2 PM

Manco Abbott is trying to gather 20,000 pounds of food to go to the hungry of our community and our drive ends SATURDAY!
It is shocking to learn the hunger statistics and realize this is happening where we live and work.

For more information call: 559-435-1756 or go to

Please ask family, friends and co-workers to drop cans off at any of the following 18 sites:

Commercial Sites:
Villagio Shopping Center, Blackstone/Nees - Fresno

Former Warner Building, Palm/Herndon - Fresno

Manco Abbott Office, Bullard/Fresno - Fresno

Mary's Vineyard, Ben Maddox/Noble - Visalia

Apartment Host Sites:

Cotswold, Champlain/Perrin - Fresno

Le Provence, Champlain/Shepherd - Fresno

Park Ridge, Audobon/Fwy 41 - Fresno

North Creek, Cedar/Shepherd - Fresno

Birch Commons & Birch Court, Maple/Alluvial - Fresno

Lakeside, Shaw/Brawley - Fresno

Palo Alto Place, Herndon/Polk - Fresno

West Point & Stonegate I & II, Ashlan/Fwy 99 - Fresno

Sierra Ridge, Fowler/Tollhouse - Clovis

Marbella, Herndon/Temperance - Clovis

Four Creeks, Douglas/Lovers Lane - Visalia

Cameron Crossing, Caldwell/S. Court - Visalia

Parks Grove , Lovers Lane/Caldwell - Visalia

College Park, Fwy 41/W. Hanford-Armona, Lemooree a

We could really use your help!

Monday, February 6, 2012

Guest Speaker Event

Emerging Real Estate Opportunities in Times of Change featuring:

Christopher Lee, National Real Estate Analyst
Mr. Lee has rich experience in strategic planning and performance improvements within the real estate industry. Mr. Lee's background includes diversified experience in real estate development, land-use economics, long-range planning, investment analysis, mergers/acquisitions, and performance benchmarking.

Thursday, February 16, 2012
8 am - 10 am

Hosted by the Gazarian Real Estate Center at the Craig School of Business,
California State University, Fresno

Sponsored by Manco Abbott

With an honorary presentation to Charles Tingey

RSVP to 559-435-1756 or
contact Caty Perez at 559-278-8243 /
Space is limited
Continental breakfast provided
Parking will be relaxed at the UBC parking lot in front of the Craig School of Business

Investors/ Exchange

Zack Kaufman
Fin 183

On Friday, February 3rd I went to the Investors exchange meeting at the Fresno Association of Realtors building. It was my second time going and I saw many familiar faces. Everyone was very kind and some even remembered me from the prior meeting I attended. The meeting started by Tom Hyatt introducing two gentlemen at the opposite end of the table who were going to give a presentation and answer questions from the following week. One of guys was an associate at the law firm Cuttone & Associates, and his partner was a law clerk and student on his way to becoming a lawyer. Both were very nice and very educational on the topics discussed during the meeting.

The first topic was a question from the previous week. It was regarding a situation in which an agent is representing a seller, and as the sale is in escrow the agent discovers the seller has filed bankruptcy. The questions were, what happens to the sellers agents commission? Is the agent legally entitled to the commission or is the commission wiped out along with the bankruptcy? The question was important and many of the attendees claimed they had had similar situations happen to them recently. The lawyer and his clerk were very knowledgeable and informative. They broke the question down to the different types of bankruptcy individuals go through. First is chapter 7, second is chapter 13, and lastly is chapter 20. Most of the time was focused on chapter 7 and 13. The lawyer stated in a nutshell that in most cases if the individual files chapter 7 bankruptcy they will not recover any commission because the individual has wiped out all their debt and commission debt falls under debt that can be wiped with under chapter 7. However, if chapter 13 is filed there is a chance that they may recover some, if not all their commission through a reorganization of their debt. The topic of got in more depth and was very informative regarding commission in general not just in residential real estate transactions.

` The second topic was about tenant rights when their house is bought, primarily focusing on houses bought at auction or through REO. The consensus was the tenants have rights and cant just be kicked out the day the transaction closes. Especially if the house was bought at the foreclosure auctions, the new owner usually has plans of flipping the house or other investment ideas for it. The owner can either respect the lease terms or give them 90 days to vacate. However, if the person living in the house is the previous owner and still has not vacated after the whole foreclosure process, that calls for different circumstances the lawyer stated. In that case, they can pretty much do two things, negotiate a time for them to get out and settle it that way, or if the holdover owners persist, they can serve them with an eviction, which causes a lot of stress and can be very bad for the previous owner. It can affect their credit rating dramatically. Either way, in any circumstances it is best handle the situation reasonably and rationally.

I would like to thank Tom Hyatt for allowing and welcoming me to attend this meeting, and everyone else in attendance.