Independent work plays a significant role in the global economy, especially in the real estate industry in the United States. Protecting the ability of real estate professionals to be classified as independent contractors remains a priority for the National Association of Realtors® (NAR), given that 89% of real estate agents are currently classified as independent…
The Supreme Court of the United States (SCOTUS) recently heard an emergency appeal from the U.S. Department of Justice regarding the enforcement of the Corporate Transparency Act (CTA) and the Business Ownership Information (BOI) Rule. SCOTUS ruled in favor of the government, listing an order that had mandated enforcement of the CTA and BOI Rule…
The collection of beneficial ownership information has been discussed by real estate industry stakeholders, financial institutions and national security experts as a way to combat money laundering, terrorist financing and other illicit crimes. A new rule proposed under the Corporate Transparency Act (CTA) was passed by Congress in 2021 and went into effect on January…
As opposed to even recently when sellers would let their agent handle most everything, now many want to be more involved. Read more.
