In this week’s “Voice for Real Estate” Stephen Gasque asks “Why did that agent send you an IRS 1099 form?”
If you received a cooperative commission or referral fee from an agent at another brokerage last year, that agent might be sending you a 1099-MISC form. Other stories include cap rates, trends in commercial real estate and why the effort to improve the availability of FHA insured loans for condo purchases is gaining ground.
In this weeks video from the NAR YouTube channel, NAR’s Director of Broadcasting Stephen Gasque talks bout the upcoming 2015 NAR Legislative Meetings where more than 8,000 REALTORS will travel to Washington to help ensure federal legislation and regulations help rather than hurt real estate. Stephen talks with Sen. Shelley Moore Capito (R-W.Va.) and NAR Chief Lobbyist Jerry Giovaniello talks about priorities in NAR’s legislative town hall meeting.
We also learn about lawmakers getting tough on patent trolls and NAR Senior Counsel Finley Maxson provides advice on preparing for August 1 changes to closing procedures.