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Mortgage Debt Tax Relief Extended
News
Tuesday, 08 January 2013

A tax break for forgiven mortgage debt that was set to expire Dec. 31 was extended by lawmakers when they dodged the “fiscal cliff” this week.

The tax break, which has been extended to the end of 2013, allows home owners facing short sales, reduced loan principals, or foreclosures to avoid paying taxes on any debt still owed to the bank. Otherwise, the debt would have been taxed by the IRS as income.

The tax break first took effect in 2007.

Home owners had rushed to complete short sales before the end of the year out of fear that the tax break would not be extended.

Visit REALTOR.org for a complete list of real estate provisions included in the “fiscal cliff” bill.


Source: “Tax Break for Forgiven Mortgage Debt Extended,” Tampa Bay Times (Jan. 3, 2012)

 
Happy Holidays!
REALTORS®
Thursday, 20 December 2012

The Grosse Pointe Board of Realtors would like to wish everyone a wonderful holiday and prosperous New Year! Thank you for your support! Please read on below for some important reminders for our members.

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HOLIDAY SCHEDULE

The board office will be closed December 24-26 and December 31-January 1. The board office will be open on Friday, December 28 from 10am-2pm for any members wishing to pay their dues.

CODE OF ETHICS DEADLINE

This year marks the end of the current 4-year cycle for NAR's required Code of Ethics Training. If you have not taken your Code of Ethics Training, please visit realtor.org and Full product NP-RV510-A02

Notebook Driver Download. BROKER OPEN SCHEDULE There will be no broker opens December 25-26. If we receive any broker opens for 12/27 or 1/2, they will be emailed out that morning. GPBR BOARD DUES The grace period for board dues ends on January 13, 2012. To avoid late fees, please turn in your dues by that date!" target="_blank">take the online course by December 31st.

BROKER OPEN SCHEDULE


There will be no broker opens December 25-26. If we receive any broker opens for 12/27 or 1/2, they will be emailed out that morning.

GPBR BOARD DUES

The grace period for board dues ends on January 11, 2013. To avoid late fees, please turn in your dues by that date!

 
Code of Ethics Class Nov. 16 - CANCELLED
Events
Thursday, 04 October 2012

This class has been cancelled.

GPBR will be offering an Ethics Class taught by Jack Waller on November 16. This class meets the criteria for the NAR-required Quadrennial Code of Ethics training that ALL Realtors must complete every four years.

If you do not wish to take the training online, and you did not take one of our Continuing Education classes this year, then you probably need this class.

Admission is only , and is open to all Realtors (regardless of board affiliation.)

This class will count towards the NAR required COE training only, and is NOT approved for Michigan Continuing Education.

This class has been cancelled.

Ethics Class w/Jack Waller
Friday, November 16
1:00pm - 3:30pm

Grosse Pointe War Memorial Auditorium
for members / for non-members

 

 
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