Q. I'm currently in high school (senior year) and I'm going to be attending a luncheon with a bunch of real estate agents in my city. I basically have to ask them questions about their career. I have no idea what to ask them. Its for a class and I really need this participation. Does anyone have any possible questions that I can ask.
Please give me some questions.
Please give me some questions.
A. You've already had some good ideas given by another Realtor, but I would add in to ask them the following:
What the most difficult part of their job is?
What are some of the biggest misconceptions about selling real estate?
What is something that people expect them to do that they are not allowed to do by law?
Why are they with the broker they're with?
What do they find most rewarding about their career?
Do they see themselves doing this for 5 more years? 10?
Do they see real hope of the market improving?
Good luck!
What the most difficult part of their job is?
What are some of the biggest misconceptions about selling real estate?
What is something that people expect them to do that they are not allowed to do by law?
Why are they with the broker they're with?
What do they find most rewarding about their career?
Do they see themselves doing this for 5 more years? 10?
Do they see real hope of the market improving?
Good luck!
Is it illegal for a real estate agent to say whether an area is safe or not?
Q. Same question for any real estate related field; i.e. property manager, leasing specialist, etc. If it's state law, how about in New Jersey?
A. That is a subjective question. They can tell you the crime rates, but it is up to you to determine if it is safe, just like you determine if it is "nice" or "good" or "big", etc etc.
Are real estate taxes on vacant land deductible, and if I sell the land for a loss, is it a capital loss?
Q. I purchased vacant land 2 years ago and plan to sell it within the next few months. I haven't used it for any purpose the last 2 years, so I'm assuming it's considered investment property. Originally I had planned to build on the land, but now that I'm moving to a different city I need to sell the land.
I have 2 questions:
1. Are real estate taxes deductible on investment property? If so, are they reported in the same place as the real estate taxes I report for my primary residence?
2. I'll probably break even on the property or even sell at a loss. Would this be considered a capital loss (if I consider it to be investment property)?
Thank you!
I have 2 questions:
1. Are real estate taxes deductible on investment property? If so, are they reported in the same place as the real estate taxes I report for my primary residence?
2. I'll probably break even on the property or even sell at a loss. Would this be considered a capital loss (if I consider it to be investment property)?
Thank you!
A. 1. Real property taxes are always reported on Schedule A, in the same section that you report your property taxes on your principal residence. The only time that it would not be reported on Schedule A is if the property was held as rental property. In that situation, it would be reported on Schedule E along with your rental income and expenses.
2. If the property was held as an investment, a loss on the sale would be considered a capital loss. Whether it is short term or long term would be dependent on the holding period. Capital losses can only be used to offset capital gains, plus an extra $3,000 of loss per year (you can only deduct a net capital loss of $3,000 per year). Any excess loss would be carried over to future years until it is used up.
2. If the property was held as an investment, a loss on the sale would be considered a capital loss. Whether it is short term or long term would be dependent on the holding period. Capital losses can only be used to offset capital gains, plus an extra $3,000 of loss per year (you can only deduct a net capital loss of $3,000 per year). Any excess loss would be carried over to future years until it is used up.
What is the average pay for where you live?
Q. I've been asking questions about real estate and I've read questions about daycare charges and I see peoples answers vary gretly so it made me wonder.... What is the average pay where you live? Like how much an hour?
If you don't mind, please say where your from.
The average pay around here (in Oklahoma) is around $8.00 an hour. The min. wage is $6.55.
If you don't mind, please say where your from.
The average pay around here (in Oklahoma) is around $8.00 an hour. The min. wage is $6.55.
A. I'm from rural Quebec and the minimum wage is $8.50/hr but the average hourly wage is $20.38
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