The Oregon Attorney General has just released their ruling. OAR board of directors decided to assess each Realtor in the state $75, per year for the next three years. This money is to go to a Mobilization fund. The money is being spent to petition and put a measure on the ballot to stop any efforts of a sales transfer tax on Oregon Home sales.
In these tough times additional tax would bring our slow market to a halt. An example yesterday looked at Portland Oregon average sale last year was around 282k at 2% that would be a $5600.oo tax. Most of the info I have seen has quoted 3'8% tax. This would really effect our likelihood. We can't let it happen.
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