Although the real estate business is extremely competitive, practicing niceties not only improves your professionalism, it also elevates the industry. Practice these common courtesies.
In its white paper, The Detection, Investigation, and Deterrence of Mortgage Loan Fraud Involving Third Parties, the Federal Financial Institutions Examination Council of Arlington, Va., suggests these red flags as indicators that fraud may be taking place.
Ethics is one of the most important, and most misunderstood, aspects of life. Getting it right—acting with ethical consistency—is the foundation for success. Getting it wrong is a setup for disaster.
Let's say you own and have managed a four-unit apartment building for 20 years, which is now worth $600,000. So far, no problem. Now, however, you’re moving out of state, and you’re facing a healthy capital gains tax if you sell outright. What are your options?
Tax-deferred exchanges are great ways to postpone capital gains taxes on you or your clients’ real estate investments. But be sure you follow the rules.
In some states, escrow agents handle all aspects of a closing; in others their responsibilities begin and end with the earnest money deposit. But handling the money can be tricky, so be sure you know your client’s rights.
