Real Estate Guide
You will need to file Articles of Incorporation with the Secretary of the State’s office to register your real estate corporation (or Articles of Formation for a real estate LLC). Along with state filing, you also have to apply for a federal EIN (Employer Identification Number) with the IRS. Should I incorporate my real estate …
In general, I would say that being next to or near a creek most often will improve the value of the home because creeks are scenic and also provide a space buffer between rear neighbors. They frequently have beautiful old trees framing their banks and are slightly curved, too, so these are usually quite pretty. …
Real Estate Express, like all real estate pre-license providers listed here, is fully approved by TREC. Is Real Estate Express accredited? Founded in 1996 and part of the McKissock group of companies, Real Estate Express offers pre- and post-licensing courses throughout the U.S. The company is accredited by the Association of Real Estate License Law …
Errors and omissions insurance (E&O) helps cover the cost of a lawsuit if a client claims your work was inaccurate, late, or never delivered. It’s sometimes called professional liability insurance. What are Realtors liable for? Real estate agents owe contractual and fiduciary duties to their clients. If agents breach their duties, through negligence or other …
Land and all the things that are attached to it. Anything that is not real property is personal property and personal property is anything that isn’t nailed down, dug into or built onto the land. A house is real property, but a dining room set is not. What are examples of real property? Examples of …
One of the most common questions we get from our foreign clients is whether buying an American property will give them the legal right to live in the United States. Unfortunately, our first answer is always no. Just purchasing U.S. real estate does not automatically set you on the path toward citizenship. Can I stay …
Though home prices are almost 25 per cent overvalued in Q2 2021, prices are forecast to fall. Moody’s has predicted a decline in 2022 and 2023 of 5.29 per cent and 7.21 per cent, respectively. The Most Overvalued Housing Markets Are All in Ontario! Will house prices drop in 2022 Canada? 2022 sales and price …
With the federal government’s Home Buyers’ Plan, you can use up to $35,000 of your RRSP savings ($70,000 for a couple) to help finance your down payment on a home. To qualify, the RRSP funds you’re using must be on deposit for at least 90 days. You must also provide a signed agreement to buy …
Does a NYS Property Tax Relief credit check count as taxable federal income? No, these checks are not income. However, if you are a homeowner and claim property taxes as an itemized deduction, you will reduce your deduction by the amount of the check. Is New York state property tax relief taxable? If you received …
Is REIT income ordinary income? The majority of REIT dividends are taxed as ordinary income up to the maximum rate of 37% (returning to 39.6% in 2026), plus a separate 3.8% surtax on investment income. Taxpayers may also generally deduct 20% of the combined qualified business income amount which includes Qualified REIT Dividends through Dec. …