Does Obama need a Brokers License?

By
Real Estate Broker/Owner with Turn-Key Properties LLC, Missouri and Kansas Real Estate

Since my portion of the commission will be less than that paid to the government under the new Obamacare real estate transfer tax scam, I humbly request that you purchase this house prior to December 31, 2010.Horse farm for sale

As of today 22 September, 2010 we are reducing the list price to encourage you to make an offer, This substantial reduction from $580,000 to $485,000 is in direct response to our desperate need to sell this house before the Obama real estate transfer tax is imposed, because we understand that the value of the house will automatically decrease by 3.5% on January 1, 2011.

But since Missouri law forbids the payment of any percentage of the sale of real estate to anyone who is not licensed in the state of Missouri, I am considering filing a complaint with the Missouri Real Estate Commission.

MO Revised Statutes; MO.339.020. "It shall be unlawful for any person, partnership, association, or corporation, foreign or domestic, to act as a real estate broker or real estate salesperson, or to advertise or assume to act as such without a license first procured from the commission".

Further on as you read the statutes the law forbids anyone who is not licensed in the state to receive any portion of a commission for services related to real estate transactions.

By confiscating 3.5% of the real estate transaction, Obama is effectively taking a commission from the sale of real estate in all 57  oops, 50 States. In fact just the 3.5% seems very close to what is frequently charged in a 50/50 split of a 7% commission. So is Obama now in violation of the FTC's antitrust laws, by establishing a "standard" commission!

 

 

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Topic:
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Location:
Missouri
Groups:
Politics And Real Estate
Farm and Ranch Real Estate
Jesus is my lord
Horse Properties: Homes & Land
Equestrian Properties
Tags:
commission
license
transfer tax
ftc
real estate
obama
obamacare
obama sucks

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Rainmaker
1,370,379
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

lol....funny. I think we need to keep all politicians as far away from our business as possible.

Sep 22, 2010 05:14 AM #1
Rainmaker
359,750
Carla Harbert
www.LorainCountyHomeSales.com - Avon, OH
RE/MAX Omega: Lorain-Medina County Area

Ok, guess I am not in the loop of things in regards to what is "going to happen" after Dec 31st.  Obama is trying to regulate real estate commissions?

Sep 22, 2010 05:15 AM #2
Rainmaker
423,533
Eric Kodner
Wayzata Lakes Realty: Eric Kodner Sells Twin Cities Homes - Minnetonka, MN
Wayzata Lakes Realty: Twin Cities, Madeline Island
Rainmaker
77,098
Ben Edsall
Turn-Key Properties LLC, Missouri and Kansas Real Estate - Kansas City, MO

Thanks for the comments, and yes I know it is 3.8% but for levity I used the 3.5% figure. Eric that article was well written and very informative, I actually have researched the facts.

I think Jeffrey is the only one who got it.

I have quite a history of bombastic titles to gain attention. from Pictures of Naked Ladies on AR to Broker Offers Free Guns to Clients.

Thanks for commenting. <3

Sep 22, 2010 06:20 AM #4
Rainmaker
1,226,960
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

YES!  He needs to start STUDYING NOW and then sit for his license in the summer of 2012 so he will be READY to select a brokerage firm in Nov, 2012!!!

Sep 25, 2010 12:10 AM #5
Rainmaker
190,853
Lois Davies
Century 21 Birchwood Realty, Inc. - Cape Coral, FL
Cape Coral & SW Florida

I have been hearing about this real estate transfer fee for several months now and sort of like your idea for filing a law suit.  It would be nice to keep politics out of our business, unfortunately the government does not feel the same way.

Sep 26, 2010 09:03 AM #6
Rainer
201,514
Jark Krysinski *PREC (Personal Real Estate Corporation)
REMAX CREST REALTY WESTSIDE - Vancouver, BC
TeamYVR Team Leader, BA,ABR,IRES,IMSD,LLB

Ben, thanks for the post.  I'm appalled to hear about this and am hopeful that you sell the listing.  I am congnisant of a dark time looming ahead and am only hopeful that our network of Rainers and professionals can keep our integrity and community intact throughout the whole process.  A lot will be resting on our integrity in this process.  Cheers and thanks again for the post, Jark.

Sep 27, 2010 05:52 PM #7
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Rainmaker
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Ben Edsall

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