Recognizing that minority representation in its leadership didn’t accurately reflect the diversity of its membership, its community and the real estate industry at large, the Huntsville Area Association of REALTORS® (HAAR) used a Diversity Grant to help revive the local chapter of the National Association of Real Estate Brokers (NAREB), the historic organization founded by African-American industry professionals in 1947. In partnership, the REALTORS® and the REALTISTS®, as NAREB members are known, are moving toward a stronger future in northern Alabama.
Capitalizing on the robust level of engagement in its Broker Involvement Program, the Illinois REALTORS® recently sent out a State Broker Call for Action urging more members to subscribe to the REALTOR® Party Mobile Alerts texting program. It worked, tipping the state association beyond its goal, and then some.
Houston Association Gathers and Shares Hurricane Harvey Recovery Resources with Multicultural Associations
Using a Diversity Initiative Grant, The Houston Association of REALTORS® put together a program for members, including the multicultural real estate associations in town, providing information on topics from mold remediation to tax relief to dealing with the emotional aftermath. Grocery story gift cards and a positive housing market outlook made the supportive event even cheerier.
Example 1 Amy Agent is a single REALTOR® who operates as a sole proprietor and independent contractor. She received $100,000 in net commission income in 2018. She has no capital gains or losses. After claiming deductions not related to her business, including the standard deduction, Amy’s total taxable income for 2018 is $81,000. Her qualified business income (QBI) is $100,000, which is her gross commissions less her business deductions. Amy’s section 199A deduction for 2018 is equal to $16,200, which is the lesser of 20% of her QBI from her business as a real estate agent ($100,000 x 20% =...
Long Island Board of REALTORS® Takes Lead in Educating the Public about New York’s Latest Protected Class: Source of Income
In 2019, New York State Fair Housing law added Source of Income as a newly protected class. Leveraging its ties to brokers, agents, property managers, and the public, the Long Island Board of REALTORS® launched an energetic campaign with multiple resources to help landlords and tenants understand the requirements of the new law affecting rentals.