Admin

An Assault on Our Commissions

By
Mortgage and Lending with NEXA Mortgage, LLC - NMLS #: 1660690 - AZMB - 0944059 NMLS# 215987

Texas legislators are trying to impose a sales tax on our real estate and mortgage commissions for real estate transactions. Check out this link from TREC.

http://tinyurl.com/yct7sob

This must be stopped!

 

 

Show All Comments Sort:
Richard Dolbeare
Inactive - Wailuku, HI
Living the Hawaii Lifestyle

If you don't pay sales tax on your commissions, you are very fortunate indeed.  Not only do we pay sales tax on both goods and services but if the tax is collected from the customer/client, then that is taxed as well.  The end result is an effective rate of 4.166%.  Like you, I wish it could be stopped and you're right to hit it hard before it becomes law.

 

Oct 07, 2009 05:06 AM
James Barnes NMLS#215987
NEXA Mortgage, LLC - NMLS #: 1660690 - AZMB - 0944059 - Colorado Springs, CO
Over a 35 Years of Mortgage Experience

Ours will be 8.25%!

Oct 07, 2009 07:52 AM