Indiana Association of REALTORS® Wins Legislation Requiring Mandatory Buyer Agency Agreements for All Real Estate Licensees
After two years of membership engagement and education, and policymaker outreach by the state’s REALTOR® association, Indiana now has legislation requiring buyer agency agreements to be mandatory for all real estate licensees, effective July 1st. The timing of the new state law gave Indiana REALTORS® a head start on preparing for NAR’s proposed seller commission same lawsuit settlement and ensures that all licensed real estate brokers across the state will operate by the standard for consumer protection and transparency.
REALTOR Party News – April 2018
New Year New Resolve, By The Numbers, Success Stories, and More
Section 199A Deduction Examples
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% =...
Huntsville REALTORS® Build Partnerships and Promote Diversity in Northern Alabama
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.