GRI 106: Technology and Taxation
This Nebraska GRI course consists of two moduled: Technology and Taxation. Students will receive 15 hrs of GRI credit and 6 hours of CE Credit upon completion.
Technology in Real Estate
This course will help the student use technology as a means of keeping the public informed concerning real estate topics. The student will spend time on the internet learning where various real estate related information is stored.
The student will learn how to create and store private information on the internet and how to give access to this information to their clients/customers.
- CREC Website
- Consumer Sites
- Business Plan Systems
- Consumer Service Systems
- New Information Sites
Taxation in Real Estate
This course has four objectives.
- Introduce the residential real estate agent to basic taxation and to basic investment analysis.
- Relate that knowledge to the specific concerns of residential homeowners, both primary and second homes.
- Relate that knowledge to the specific concerns of owners of investment real estate.
- Demonstrate how this knowledge can increase the real estate agent's commission income and investment income.
At the completion of this course, the student will be able to:
- Discuss the tax code and how it affects different aspects of the real estate industry
- Explain basic taxation and how brokers can use it to help their clients
- Define the meaning of marginal tax rate
- Describe the specific concerns for residential homeowners, owners of real estate used in a trade or business, as well as the owner of investment real estate
- Demonstrate how this knowledge can increase the real estate agent's commission income and investment income
- List the major reasons for home ownership
- Explain gain and basis and how the client can compute capital gain on the sale of a home
- Illustrate to potential clients why it is important that they seek professional advice from a CPA
- Summarize how purchasing a rental property for an investment can be a tax advantage
- Illustrate how cost recovery is used as a deductible expense
- Explain how income and losses are identified (passive and non passive income)
- Classify the three types of vacation homes and discuss their tax consequences
- Explain the rules and benefits of the 1031exchange
- Discuss CRTs and how they can help avoid capital gains tax, increase income, and create tax deductions.
- The Code
- Taxes and the Homeowner
- Primary Residence
- Sale / Exchange
- Other Disposal
- Rental Taxation
- Vacation Homes
- 1031 Exchange
- Charitable Giving
- Taxes and the Agent
The course contains numerous multiple choice exams, interactive exercises, and is completed with a multiple choice final exam.