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EBCBOR Members Invested over $6,000 in RPAC at the REALTOR Family Feud!
YPN and RPAC hosted the REALTOR Family Feud: Committee Show this past Thursday. 8 teams went head to head to raise awareness to the membership about the importance of RPAC. YPN Chair, Rebecca LaPira led her team to victory, making them the REALTOR Family Feud winners.
CLICK HERE for a full recap of the event.
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Century-old Closter School to Become Condo Development
The Zoning Board approved an application to convert the Village Middle School - a 100-year-old, abandoned public school - to a condominium property development. The application for 33 condominium units was unanimously approved at the July 27 Zoning Board meeting.
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Freddie Mac Releases NYC Market Indicator
Freddie Mac released its monthly Multi-Indicator Market Index (MiMi), measuring housing activity on a national and state scale and providing relative data for the top 100 metro areas in the nation. According to MiMi, the U.S. is on the low end of in range and improving. Purchase applications are up 1.7 percent but are still considered weak. PTI is down 1.05 percent.
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EBCBOR Global Council Goes to International Real Estate Summit in Incheon, South Korea.
5 members of our Global Business Council attended the International REALTOR Conference and Expo in Incheon,
South Korea. This is the largest trade exhibition in Asian real estate. Companies from over 20 countries from domestic to foreign large-scale development to smaller chambers of commerce were in attendance. This conference gave EBCBOR the opportunity to build new business relationships with professionals around the world.
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Do International Real Estate Investors Have to Pay U.S. Taxes After A Sale?
Gains from the sale of U.S. real estate are subject to federal income tax and, in most cases, state and/or local income taxes. Many local jurisdictions also impose a separate real estate transfer tax. Upon the sale of the property, the owner must file a U.S. tax return and may have to withhold tax under the Foreign Investment in Real Property Act (FIRPTA).
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N.J. Supreme Court fast tracks affordable housing case
The state Supreme Court will hear a case that could ramp up construction of affordable housing units in suburbs across New Jersey by tens of thousands of units. In the latest chapter of the Mount Laurel litigation that dates to the 1970s, the Supreme Court said it will be fast-tracking an appeal filed by housing advocates for the poor.
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The Presidential Elections is 61 days away. Registration deadline is
October 18.
NOT REGISTERED? Stop by the EBCBOR office to pick up a Registration Card.
Available in 3 Languages.
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Get Smart About Smart Homes and Your Safety
Being safe starts at home, and by now we're familiar with most of the usual safety measures homeowners take - deadbolts, window locks, even basic security systems. But, in this brave new world of technology, what about smart home devices?
Register Now for NAR's FREE Safety Seminar, Wednesday, October 14th.
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3 Areas of Continuing Education Agents Can't Afford to Ignore
Part of every successful real estate agent's business model is a strong commitment to continuing education. With technology disrupting how we conduct business, it's more important than ever to stay on top of industry changes through continuing education.
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