NAR’s Research Department has analyzed data from official government
studies weighing the impact of legislation that NAR fought for and
secured over the past few years which benefits REALTORS®.
These benefits include:
- Increasing the FHA Loan Limits will allow an
additional 175,000 people to buy homes that will result in an average
increased commission of $331.
- Making health insurance for the self-employed 100%
tax deductible, currently being phased in which will save the average
REALTOR® $50 annually.
- Cutting the Capital Gains tax from 28% to 20% and
cutting the Depreciation Recapture rate from 28% to 25%. This will
mean billions saved by owners and investors that will result in over
$500 annually for the average REALTOR®.
- Allowing homeowners to not pay capital gains on the
first $500,000 in profit from a home sale (previously only $125,000).
This will allow many homeowners who wanted to move but didn’t want to
pay the exorbitant tax to now do so, meaning more sales for REALTORS®
averaging $775 annually.
- Allowing a $10,000 withdrawal from I.R.A.s for
first time homebuyers. This will allow thousands of more people to buy
homes and will result in an average income gain of $110
annually for REALTORS®.
So how much has political advocacy positively
affect your bottom line?
$1,766.00
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