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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% =...

Last week, a bill that funded the federal government through Dec. 11 was signed into law; the bill includes a full-year extension of the National Flood Insurance Program (NFIP) and surface transportation funding.

GAD Institute Registration is OPEN! NAR is excited to welcome you to Denver for GAD Institute 2021! Registration is LIVE! CLICK HERE TO REGISTER Pre-Institute sessions start at 8:30am on July 20th and the Institute concludes with GAD Night Out hosted by the Colorado Association at 6:00pm on July 22nd. Two pre-institute sessions will be focused on taking a deep dive into the NAR grants process and mobilizing members through Advocacy Everywhere and are part of the new NAR APEX® training series. The other two pre-institute sessions will focus on professional development training for engaging the media and the value...

When the initially reluctant City Council of Bend, Oregon finally agreed to set the ball rolling to increase its Urban Growth Boundary, the local REALTOR® association provided positive reinforcement with a supportive Call For Action. Building rapport and relationships, says the Government Affairs Director, is always a good strategy – that extends to leadership within a regional housing coalition that is raising public awareness of a growing housing crisis.

Columbus REALTORS® has also been seeking solutions to how we can become a more open and inclusive Association. In an effort to create that safe space, its Diversity & Inclusion Committee launched a Book Club for members to have open, honest (and sometimes tough) conversations about race, racism, diversity, and inclusion.

The Idaho Association of REALTOR® brought its savvy advocacy to bear on a pair of bills helping first-time homebuyers get a leg up in an increasingly expensive market: a dedicated tax-free savings account program, and the elimination of the filing deadline for applying for a homeowner’s tax exemption. Both have been signed into law.

Did you know the number of women currently serving in Congress is the highest in history? This progress is great news, but the legislative branch still has a long way to go to match the example set by our industry.

In This Issue… Schedule Changes for the 2020 REALTORS® Legislative Meeting GAD Resources & Information RPAC News NAR Economic Outlook Schedule Changes for the 2020 REALTORS® Legislative Meeting Please note the following schedule changes for the May REALTORS® Legislative Meeting. Federal Priority Issues Briefing The Federal Priority Issues Briefing is moving to 4:50 – 5:30 p.m. on Tuesday, May 12 immediately following NAR 360 (from its previous 7:00 a.m. Wednesday timeslot.) This important session will now capture a much larger audience already in attendance for NAR 360. In addition, the Legislative Talking Points will be incorporated in NAR 360. These...

In a county characterized by its abundance of beautiful farmland, growth and development need to be approached from a preservation angle. The Lebanon County Association of REALTORS®, in Pennsylvania, brought together the managers of its top growing municipalities to open lines of communication and make sure everyone was on the same page.