This module seeks to make participants aware of valuable resources affecting the daily life of a modern real estate and to make licensees aware of parts of the tax code that affect the licensee’s business.
Most real estate licensees are independent contractors, a status that is ultimately determined by the IRS. Licensees need to be aware of the benefits and pitfalls of independent contractor status—especially as they apply to taxation. Real estate licensees have also invested a great deal of time and millions of dollars building and improving real estate technology; the demand for additional technology is very high. Internet marketing consultants warn that without proper marketing and promotion, web sites can quickly become obsolete, and, while social networks can help connect in a referral business, society now relies on instant communication.
At the end of this course, students will be able to:
- Relate the growth of technology in the real estate industry to consumer demands and expectations.
- Apply the law and the Code of Ethics to all electronic marketing.
- Calculate and explain tax related considerations for investment property
- Apply methods to calculate automobile deductions Classify allowable business expenses.
This course discusses taxes related to a real estate licensee’s business. The purpose of this course is to make licensees aware of parts of the tax code that affect the licensee’s business.