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Power Brokers: Allaying Fears and Navigating the New Tax Territory

According to RISMedia’s 2019 Power Broker Report, housing-related legislation is a less pressing concern than others to brokers, but concerns do exist…

“Economic uncertainty” was listed as one of the top two challenges for Power Brokers this year.

“Long Island is home to some of the highest property taxes in the nation. With the new limits on SALT deductions…buyers may rethink taking on homes with higher tax burdens…” LP Finn, Operating Officer, Coach REALTORS®

“Florida is benefiting from the tax law changes, specifically SALT, which is accelerating the move from the Northeast.” Mike Pappas, CEO, The Keyes Company/Illustrated Properties

“Government actions change the mood of consumers—positive news, negative news, interest rates up, interest rates down…it all changes consumer decisions. We cannot control government. We stay ready to react quickly to any changes in policy, procedures, rules and laws.” David MacIntyre, Broker/Owner, Arizona Best Real Estate

For more broker insights from RISMedia’s 31st Annual Power Broker Report, visit RISMedia.com.

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