Be prepared to prepare, tax help from Intuit

It’s tax season! [grumble, grumble, sigh] But don’t despair because NAR’s partner, Intuit®, offers discounts for REALTORS® and their family members. Make it easy on yourself by using TurboTax® products through the REALTOR Benefits® Program. TurboTax® offerings for REALTORS® include: – Discounts up to $20 off three different versions of America’s #1 tax prep software – …

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New money laundering and terrorist financing concerns

Luxury Housing and Commercial Real Estate transactions are drawing federal attention!  This is thanks to the rate of $1 million and up cash deals going on in these markets.  Cash transaction are perfect targets for money laundering and means for terrorist financing, as identified by the Financial Crimes Enforcement Network (FinCEN) at the Treasury Department. …

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HUD releases new guidelines to FHA financing

As of September 14th, 2015 – HUD is releasing some new guidelines that relate to FHA financing that could impact the lending and appraisal process.  While the majority of these changes will affect lenders and appraisers, there are a number of things that REALTORS® showing homes to FHA buyers will want to be aware of. …

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What really happens on October 3, 2015?

Starting on October 3, any loan application completed that day or thereafter, will be under the new CFPB rules.  These new rules create new documents and change the residential closing process. Even though the new rules are effective October 3, we will not know many of their effects on the closing process until November, because most …

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