SERIES: LOOMING THREATS TO THE REAL ESTATE INDUSTRY AS WE KNOW IT

Currently, there exists a subsection of the real estate industry that I like to think of as “discount brokerages.” These companies offer a variety of services to help consumers purchase or sell their property while offering some sort of less expensive option for doing so. For practicality sake, in this Series we will discuss three well-known examples of “discount brokerage types.”

INDUSTRY NEWS

Your source for happenings in the Real Estate and Mortgage industries, including: current events, new offerings, and changes that are pertinent to an agent’s day-to-day business.

COLUMBIANA CRA

Property owners in Columbiana, Ohio can now save tens of thousands of dollars by being exempt from paying taxes on new construction or renovation projects for up to 15 years. The tax savings keeps more money in the pocket of home and business owners, which indirectly benefits the community, as the Community Reinvestment Area, or CRA, will encourage investments into improving existing properties and stimulate economic development.

*Not intended as accounting or investment advice. Contact your tax preparer for more information.