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Why new agents should attend the yearly the N.A.R. Conference
  ByThe Island Now  Philp A.Raices, author  November 6, 201   I was at our National Association of Realtors Conference in Boston Nov. 1-5, where 25,000-plus agents from around the globe that attended. I participated as a member of the Business Policy & Issues Committee, that has direct contact to our senators and congress members in Washington, D.C. We had several discussions about the laws governing real estate agents and those that were helpful and some that weren’t.As explained by the attorney on our panel, some new policies that may come down the pike are to possibly make everyone in the business, employees and take away our “independent contractor” status.I believe the one reason our government may want to do this is to collect more tax money from us and have more control in receiving it sooner. The way independent contractors pay their taxes now is on a quarterly basis.It will affect the larger companies and franchises that have hundreds of agents and the companies might have to take out withholding taxes, match the F.I.C.A. taxes, and take out disability, worker compensation on each deal and make monthly deposits to the treasury, depending on the amount of withholding the company may ... more

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