In a monthly survey of REALTORS®, respondents reported that properties were typically on the market for 29 days, just a day shorter time compared to one year ago (30 days), according to the August 2018 REALTORS® Confidence Index Survey.[1] This indicates that in many states, the supply of homes for sale is still inadequate compared… Continue Reading In Which States Did Properties Sell Most Quickly in August 2018?
Here are some NAR mediation and ombudsman (ethics mediation) training videos. Congratulations to the 2018 SCR mediation school graduates and SCR ombudsman school graduates. Thank you to the instructor, Stephanie Walker! Great job! https://www.youtube.com/user/NAREALTORS/search?query=mediation Posted by : Byron King on 10/03/18 (This information is only accurate as of 10/03/18). You must contact SCR for updates… Continue Reading Mediation and Ethics Mediation (ombudsman)
The big win for real estate in last year’s tax reform law is the new 20 percent business income deduction. You take it on your net pass-through income. Pass-through income is what most real estate professionals earn. If you’re an independent contractor or if you’ve structured yourself as a sole proprietor, your income is considered… Continue Reading How to Factor 20% Deduction Into Your 2018 Estimated Quarterly Payments
By Melissa Dittmann Tracey, REALTOR® Magazine So you don’t typically think of concrete as a decor item inside your home but something more reserved for your driveway or a home’s foundation. It can be a cold, harsh surface. So, why are so many designers now using it in the design of interior spaces? The faux… Continue Reading The Concrete Craze in Home Design
Left turn danger, unwanted iPhone apps, THE cutest sheep, Over-the-top decorating and more compiled by Donna McCormick, Budget & Operations Manager. Who knew there was so much danger in left turns? I need to book a flight to France ASAP! 9 Ways Being Single Can Improve Your Life. Delete those iPhone apps you don’t really… Continue Reading What We’re Reading: September 24-28
You may have seen a report today in The Wall Street Journal (subscription and login required) stating that the Internal Revenue Service is working on guidance that would clarify the deductibility of expenses for client meals under the new tax law. According to the report, this guidance is expected to say that the cost of… Continue Reading Clarity on Deductibility of Meal Expenses May Be Coming
The Tax Cuts and Jobs Act includes a 20 percent deduction for sole proprietors and owners of S corporations and other business entities. This was designed to provide roughly the same rate cut provided to regular corporations. It is unclear, however, whether owners of rental real estate will be able to claim the deduction. This… Continue Reading Realtors Urge Deduction for Rental Income
An easy way for Listing Brokerage and Listing Associated Licensees to remember their duty when the buyer submits a written offer...ALWAYS RESPOND. "Always respond" means one of these three responses: 1. Seller sends a written counteroffer to the buyer side. or 2. Seller sends a written acceptance to the buyer side. or 3. Brokerage sends… Continue Reading Listing Brokerage Must Always Respond to Buyer Offers
NAR released a summary of pending home sales data showing that August’s pending home sales pace was down 1.8 percent last month and fell 2.3 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead existing-home sales data… Continue Reading August 2018 Pending Home Sales
By FCA US LLC (Fiat Chrysler Automobiles) Put in the simplest terms, the role of a real estate agent is to facilitate the sale of one property and the purchase of another on behalf of your clients. Of course the job is far more complex than that. You must often take on additional roles as… Continue Reading Drive Clients in Style with Modern Vehicles, Auto Deals