Send Commission Statements to Listing Broker
A reminder from last August… If you are accepting the buyer’s agent or facilitator compensation…
Pandemic May Force Overhaul in Housing Stock
On December 11, 2020, a REALTOR Magazine article discussed the Real Estate Forecast Summit and how the…
Bringing the Best Real Estate Perspectives
On December 10th, 2020, NAR will hold a virtual Economic and Real Estate Summit that…
Closing Commission Statements
The Contract & Forms committee would like to point out there is some confusion about…
2021 Property Tax Rates for Berkshire County
We have again compiled the 2021 property tax rates for all Berkshire cities and towns,…
2020 Conforming Loan Limits for Freddie & Fannie
On November 26, 2019, the Federal Housing Finance Agency (FHFA) published the 2020 conforming loan…
NAR Federal Tax Policy
Approved at the NAR conference last week are three policy changes to our stance on…
2020 Dues Payment Plan now Available
It’s never too soon to start thinking about your 2020 membership dues! We’re ready to…
Paid Family and Medical Leave Exemption UPDATE
We’ve fielded a few questions this week about REALTOR’s obligations under the Paid Family Medical…
NY Mansion Tax Changed
For brokers who do business across state lines, New York state has just enacted a…
Whew, time-saving list of 2019 Property Tax Rates
We have again compiled the 2019 property tax rates for all Berkshire cities and towns,…
Save Money with Tax Deduction on Rental Income
On January 24, 2019, NAR released some important information on the 20% business income deduction…
Let’s do W-9s and 1099’s better in 2019!
Yesterday, all brokers were required to issue 1099’s to anyone they paid more than $600…
Big Win for Realtors in IRS 20% Income Deduction
On Wednesday, August 8, the IRS released its proposed guidance on the new 20 percent…
Chief Economist’s Take on Rate Hike
The Federal Reserve announced this afternoon it will raise interest rates by a quarter of a…
What is Tax Season Going to Look Like for You?
In case you missed it, NAR did a great video (Facebook live event they taped),…
It’s Here! Automatic Debit / Credit Card Payment for MLS has Arrived
Brokers, you’ve been asking and our MLS Board of Directors heard you. At their August…
Innovative Solutions for Homeownership
In a stroke of good news, Fannie Mae announced new policies that will help more…
Do Brokers need to issue a 1099 for commission paid to a LLC?
It’s that time of year when tax questions start to come into the Board Office. …
A Message From Mike Shepard, Legal Counsel
Dear Berkshire Realtors®, I am writing this on the 13th day of January 2016, so…