responsibility: Success Prep: BIG Think! - 09/06/17 05:00 AM
What would you say to:
a restaurant owner who decides to buy meal ingredients only as soon as customers are seated? a retailer who refuses to invest in product display shelving until the store becomes profitable? a taxi driver who won't spend for gas until a fare is engaged? the maid service who shows up and asks the homeowner for cleaning supplies? These scenarios seem silly, right?  Are they any less silly than a Realtor® who won't spend $30 for business cards, $45 for signage, or $10 for a name badge until "someday" when their business "gains traction"?
Small-thinking agents rationalize their fear-based … (41 comments)

responsibility: What are IRS Reporting Requirements for Cooperative Commissions? - 12/13/13 05:40 AM
Brokers who don't currently practice collecting a W-9 from Cooperating Brokers for ALL real estate transactions might be in for a shock... The National Association of Realtors has advised its members that listing brokers are required to report real estate commission payments for cooperating brokers on Form 1099-MISC.  Details of this reporting requirement can be found on the NAR website, www.realtor.org, under the Law and Policy section*.   
To be in compliance, listing brokers must obtain a completed and signed W-9 form for each cooperating broker participating in any and all real estate transactions. 
 
While this is common practice for lease transactions, … (6 comments)