Description
This continuing education course satisfies two hours of the required eight hours of elective courses that a real estate agent must take every two years.
This course provides an overview of federal and state taxation laws and procedures as they relate to rights of the property owner. The course focuses specifically on duties and obligations required in the state law as well as those rules and regulations generally delegated to local tax authorities.
This course also explores the importance of Federal Income Taxation as it relates to the field of real estate and focuses on getting agents to apply legal tax principles to real estate transactions.
Objectives
By the end of the course, the learner will be able to:
• Identify the various taxing entities and how property is taxed
• Demonstrate how to assess taxes and use the Mills Rate assessment
• Distinguish between exempt taxes, homestead taxes and purchase of delinquent taxes
• Recognize homestead value and tax district budgeting
• Demonstrate Tax Budgeting and Tax Billing
• Characterize Tax Lien enforcements and Tax Lien Sale
• Discuss Taxable Income, Cost Recovery, Gain on Sale, Interest and Passive Activities
• Demonstrate the use of 1031 Exchanges
• Identify Investment Analysis of a Residential Investment
• Define the Two-Year Homestead Exclusion
• Demonstrate the tax liability incurred on real estate investments
Certificate
By completing/passing this course, you will attain the certificate Taxation for Realtors Certificate of Completion
Learning Credits
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