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| Tax Reform: How It May Impact Real Estate Professionals |
| By Liz Dominguez |
The Tax Cuts and Jobs Act could bring changes to homeownership, as well as the real estate business as a whole. With many of the modifications affecting buyers and sellers, real estate professionals need to approach the subject carefully to reduce the chance of miscommunication. Educating clients on matters outside of the services agents are licensed to perform can be a liability; therefore, agents should direct their clients to a tax professional, instead of providing advice themselves. While agents and brokers need to be knowledgeable about how the new tax law could impact homeowners and prospective clients, they should also be aware of the implications these changes could have when it comes time to file their own taxes. ...
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(Family Features)—When it's time for a bathroom or kitchen upgrade, some of the greatest inspiration may come from another
