The IRS issued guidance last Thursday to grant deadline relief for both 1031 like-kind exchanges and opportunity zone investments that are already underway. Both of these programs are designed to promote economic growth in communities, and NAR made the case that investors in these programs should not be harmed due to the effects of COVID-19. 1031 Like-kind exchanges. […]
What’s Happening at CVAR
CVAR offices remain closed, but staff is available via e-mail: memberservices@cvar.net, or phone: (909) 305-2827, during regular business hours. _______ IRS Deadline July 15: File and/or Pay 2019 federal income taxes by July 15, 2020 (the IRA and Treasury Department announced that the extended deadline will not be postponed). Individual taxpayers unable to meet the […]
Marijuana Becoming a Boost to Property Values
As more states relax marijuana laws, the more property values are affected, according to a random sample of 76,000 NAR members who practice residential and 76,000 members who practice commercial real estate. The “2019 Marijuana and Real Estate: A Budding Issue” survey was conducted via email in 2019, revealing that REALTORS® have noticed the legality […]
REALTOR® Magazine Hails CVAR YPN for Viral ‘Challenge’
REALTOR® Magazine has acknowledged CVAR YPN’s involvement in the Summer Cool Down Splash Challenge, publishing an article about how the fundraiser has gone viral! The YPN project is raising money for the REALTORS® Relief Foundation’s disaster fund. Read the REALTOR® magazine article: Take Real Estate’s Summer Splash Challenge to Support Disaster Relief by […]
FHA Promises Condo Flexibility
Federal Housing Administration Commissioner Brian Montgomery recently told attendees at the National Association of REALTORS® meetings in Washington D.C. that the agency is working to revise its condominium approval rules and expects a final rule to be announced soon. Montgomery called condos a “mainstay of affordable housing” for seniors and first-time buyers. Among the proposed […]
N.A.R. Answers ‘Instant Offer’ Questions
A lot of concern has been raised about Zillow’s “Instant Offers” pilot program. But, NAR states, experiments like these can also reinforce the value of REALTORS®. “There’s a human element to buying and selling a home that can’t be replaced,” said NAR President William E. Brown. “NAR is the sum of its REALTOR® members, and […]
Violating the Code of Ethics?
CVAR Director of Member Services Barbara Goldberg explains the latest change to the REALTOR® Code of Ethics for 2017.
You Can Do This! Facebook Live Home Tour
Using Facebook Live to present your “open house” online is an effective way to market a property to people who can’t physically make it to your open house. But take it from someone who’s been making CVAR videos for your information and viewing pleasure–this is LIVE! Do some pre-planning of the highlights you want to […]
Trump Tax Proposal Impact on Homeowners
Analysts are examining who will benefit from the President’s Tax Reform proposal. Treasury Secretary Steven Mnuchin (right) said the plan will eliminate all personal tax deductions other than the mortgage interest deduction and charitable contributions. The tax plan would reduce individual and corporate income tax rates, from 35% to 15%, and repeal state and local […]
What’s Happening to Appraisers?
Appraisals are a crucial to the real estate industry, and a shortage of appraisers has put deals at risk. The N.A.R. reports that most appraisers are satisfied with their work, but they’re worried about the rise of automated appraisals and are not happy with appraisal management companies. (See report) “Appraisers provide the credible, outside opinion […]