Celebrating the achievements of Ohio’s REALTORS!

Ohio realtor magazine cover

The year-end issue of the Ohio REALTOR magazine is arriving in mailboxes. Keep an eye out for this special issue — one that celebrates all of the accomplishments of Team 17!

Tags: Association news

Congratulations to our Round 1 “Board vs. Board” winners…the fight begins anew!

Ohio REALTOR Board vs. Board

Pete Kopf, Ohio REALTORS President

Ohio’s REALTOR community responded to the profession’s most important “Call For Action” ever — one focused on keeping incentives to home ownership in the tax reform package — in a big, big way. Overall, we achieved a record-setting response rate of 24.41 percent.

I would like to extend my personal gratitude the following 18 local Boards/Associations that have surpassed their 20 percent participation goal: Ashland, Coshocton, Delaware County, East Central, Guernsey-Muskingum Valley, Heartland, Knox County, Lake & Geauga Area, Licking County, Marietta, Marion, Midwestern Ohio, Portage County, Springfield, Stark County, Toledo Regional, Wayne-Holmes, and West Central.

Congratulations, as well, to the following “Board vs. Board” category winners in our first-ever internal competition: Toledo Regional (Metro); Stark County (Large); Licking County (Medium); and Ashland (Small).

Our collective voice helped positively influence tax reform in some key areas. Notably, both the House and Senate agreed to maintain deductibilty of state and local property taxes up to $10,000, and to maintain Section 1031 tax-deferred exchanges in their present form for real estate investments. Progress to be sure…but there is still work to do.  That’s why our National Association of REALTORS has launched a new “Call For Action” to continue exerting effort to encourage Congress to help make “tax reform” more favorable to home owners and consumer.

Click here to tell Congress to protect middle-class home owners!

Again, I greatly appreciate the ongoing effort by Ohio’s REALTOR community to protect the American Dream. Our voice has never been strong and I urge you to continue speaking up as we continue the fight for Ohio’s home owners! Below are the final standings for Round 1 of the “Board vs. Board” competition:

Metro Boards (1,200+ members)

  1. Toledo Regional Association — 28.56%
  2. Cincinnati Area Board — 18.85%
  3. Columbus REALTORS — 18.38%
  4. Dayton REALTORS — 16.22%
  5. Akron Cleveland Association — 16.01%

Large Board (450-1,199 members)

  1. Stark County Association — 24.49%
  2. Lake-Geauga Area Association — 23.93%
  3. Firelands Association — 19.71%
  4. Butler-Warren Association — 19.31%
  5. Medina County Board — 19.11%
  6. Youngstown Columbiana Association — 13.0%

Medium Boards (200-449 members)

  1. Licking County Board — 34.96%
  2. East Central Association — 29.75%
  3. Midwestern Ohio Association — 28.35%
  4. Portage County Association — 27.64%
  5. Springfield Board — 26.61%
  6. Wayne-Holmes Association — 22,28%
  7. Guernsey-Muskingum Valley Association — 23.08%
  8. West Central Association — 22.75%
  9. Lorain County Board — 19.54%
  10. Scioto Valley Association — 16.67%
  11. Northwestern Ohio Board — 16.36%
  12. Lancaster Board — 15.32%
  13. Warren Area Board — 14.83%
  14. Southern Ohio Association — 14.36%
  15. Mansfield Association — 12.35%

Small Boards (under 200 members)

  1. Ashland Board — 100%
  2. Marietta Board — 45,24%
  3. Coshocton County Board — 44.83%
  4. Knox County Board — 30.95%
  5. Heartland Board — 26.54%
  6. Marion Board — 26.23%
  7. Delaware County Board — 24.29%
  8. Ashtabula County Board — 19.18%
  9. Beaver Creek Area Association — 18.33%
  10. Athens County Board — 17.31%
  11. Highland County Board — 16.39%
  12. Greater Portsmouth Area — 16.18%
  13. Clinton County Board — 14.81%

Help your Board/Association! Help middle class homeowners! Help save the American Dream! Make your voice heard by clicking here!

 

Tags: Association news, politics

Free webinar on how to deduct your home office and everything in it!

free webinar

Ohio REALTORS are invited to participate in a free webinar offered by our partner, Taxbot, scheduled for Wednesday, Dec. 13, 10 a.m.

There are a lot of myths about the home office…a lot of people have heard the rumors and don’t know what to believe. For example, there is a myth that a home office deduction can trigger an audit…

That may have been true 30 years ago but it certainly is not the case today and we will show you the proof on the webinar! The second reason is…

Most accountants only claim the BASIC home office deduction. Accountants and tax filing software simply ask a few questions about your home office. Then they file your taxes with the basic deduction. But there is a lot of moving parts to the home office that can blossom into bigger deductions. Unfortunately, neither the accountant nor the software teach their clients about the bigger opportunities.

If you want to get the most out of your tax return you need to be proactive and learn a thing or two about taxes yourself. On this webinar we will show you simple things you can do today to qualify for a bigger home office deduction.

Let us show you how small decisions can determine the scope and size of your savings potential. Maximizing your write-off is easy, you just need someone to show you what is possible and how to do it. And who better to show you than a former IRS attorney and best selling tax author.

You will learn:

•5 different ways you can qualify for the home office deduction — even if you’ve been told you don’t qualify in the past.
•The “Blueprint Magic Trick” — How one customer used the blueprint of their home to increase his tax savings by 25 percent with no extra work!
•How to make more of your income qualify for a lower tax rate by setting up your home office properly.
•The tactics used by the IRS to disqualify your home office and how you can pro-actively set up your office to make them happy.
•The strange way that a legitimate home office unlocks significanly more deductions for your vehicle!
•How to deduct the stuff IN your office including furniture, art work, lamps, computers, and more! Plus – learn how to deduct these things twice. That’s right deduct them two times!

And much more!

Your instructor on the webinar will be Sandy Botkin, one of the co-founders of Taxbot. Sandy is a CPA and a tax attorney. He used to work for the IRS training other tax attorneys on the tax code. He left that job to pursue his passion of helping self-employed people realize that they are unknowingly overpaying their taxes.

 

Click here to register for this special, free webinar on Dec. 13, 10 a.m.

Tags: Association news

Tax reform is an ‘all-out assault on homeownership’…it’s time to act!

Ohio REALTOR Board vs. Board

By Pete Kopf, Ohio REALTORS President

The REALTOR community’s most important “Call For Action” is at a critical stage — as the profession is currently focusing its attention on the Senate to keep incentives to homeownership in the “tax reform” package. It’s imperative that Ohio Senators Sherrod Brown and Rob Portman hear from every REALTOR in the Buckeye State!

Last week the House of Representatives passed H.R. 1, the “Tax Cuts and Jobs Act,” a bill National Association of REALTORS President Elizabeth Mendenhall called an all-out assault on homeownership. The Senate is now looking to pass a measure in the next few weeks that one national columnist, Kenneth Harney, says is even worse for homeowners. Specifically, Harney notes:

“Deductions of state and local property taxes, sales taxes and income taxes — the so-called SALT write-offs heavily used by homeowners — take a heavy hit. The House bill would limit SALT deductions to $10,000 in property taxes. Currently there is no dollar limit, and income and sales taxes can be included. The Senate bill would kill the deduction. For owners in high-tax markets such as Virginia, California, New York, the New England states plus Illinois and Ohio, that could raise federal tax bills.

“The Senate bill would also make a major change in one of the most valuable tax benefits for homeowners — the ability to pocket tax-free capital gains on home sales. Sellers now filing jointly can ‘exclude’ up to $500,000 of gains, provided they have used the property as their principal residence for two years out of five. That’s a big deal for many sellers, especially seniors who need the money for retirement.”

Fortunately, a record number of Ohio REALTORS have already made their voice heard — as we’ve topped 22 percent participation in the “Call for Action” as of today. While this is great and helps us meet our national goal — that leaves plenty of room for improvement. If you haven’t acted…now’s the time!

I would like to extend my personal gratitude the following 18 local Boards/Associations that have surpassed their 20 percent participation goal: Ashland, Coshocton, Delaware County, East Central, Guernsey-Muskingum Valley, Heartland, Knox County, Lake & Geauga Area, Licking County, Marietta, Marion, Midwestern Ohio, Portage County, Springfield, Stark County, Toledo Regional, Wayne-Holmes, and West Central.

Other notable highlights:

  • Ohio’s current participation on 22.17 percent trails that of our peers from Michigan (24.64 percent). It’s “Beat Michigan” week…let’s get to work Buckeyes!
  • Our current category leaders in the Ohio “Board vs. Board” competition include a new #1, with the Stark County Board jumping to the top spot in the “Large Board” category. Other leaders include: “Small Board” pace-setter Ashland Board with a remarkable participation rate of 96.61 percent, Licking County topping the “Medium Board” category, and Toledo Regional Association leading the “Metro Boards.” Here are the current Ohio “Board vs. Board” standings:

Metro Boards (1,200+ members)

  1. Toledo Regional Association — 28.17%
  2. Columbus REALTORS — 17.01%
  3. Cincinnati Area Board — 16.71%
  4. Akron Cleveland Association — 14.97%
  5. Dayton REALTORS — 14.94%

Large Board (450-1,199 members)

  1. Stark County Association — 24.08%
  2. Lake-Geauga Area Association — 22.9%
  3. Butler-Warren Association — 18.58%
  4. Medina County Board — 17.34%
  5. Firelands Association — 16.95%
  6. Youngstown Columbiana Association — 12.97%

Medium Boards (200-449 members)

  1. Licking County Board — 34.43%
  2. East Central Association — 28.48%
  3. Wayne-Holmes Association — 21.74%
  4. Midwestern Ohio Association — 26.69%
  5. Portage County Association — 26.14%
  6. Springfield Board — 25.81%
  7. Guernsey-Muskingum Valley Association — 22.03%
  8. West Central Association — 21.6%
  9. Lorain County Board — 14.43%
  10. Scioto Valley Association — 16.38%
  11. Northwestern Ohio Board — 16.36%
  12. Warren Area Board — 14.83%
  13. Lancaster Board — 14.52%
  14. Southern Ohio Association — 14.06%
  15. Mansfield Association — 11.05%

Small Boards (under 200 members)

  1. Ashland Board — 96.61% (57 of 59 members have responded!!!)
  2. Marietta Board — 50%
  3. Coshocton County Board — 44.83%
  4. Knox County Board — 30.95%
  5. Heartland Board — 26.19%
  6. Marion Board — 25.81%
  7. Delaware County Board — 22,86%
  8. Ashtabula County Board — 18.06%
  9. Beaver Creek Area Association — 16.67%
  10. Highland County Board — 16.39%
  11. Greater Portsmouth Area — 14.49%
  12. Athens County Board — 13.46%
  13. Clinton County Board — 12%

Help your Board/Association! Help middle class homeowners! Help save the American Dream! Make your voice heard by clicking here!

Tags: Association news, politics

Ohio REALTORS: It’s time to stand for homeownership!

Ohio REALTOR Board vs. Board

By Pete Kopf, Ohio REALTORS President

The current state of response by Ohio REALTORS to one of the profession’s most important “Call For Actions” — one that urges Congress to keep incentives to homeownership and protect the American Dream — offers a mixed bag of good and not-so-good news.

First the good news:

  • Our current category leaders in the Ohio “Board vs. Board” competition include a new #1, with Lake & Geauga Area Association jumping to the top spot in the “Large Board” category. Other leaders include: “Small Board” pace-setter Ashland Board with an amazing participation rate of 81.03 percent, Licking County topping the “Medium Board” category, and Toledo Regional Association leading the “Metro Boards.”
  • A total of 14 of Ohio’s Boards/Associations have attained/surpassed the goal of 20 percent participation. Kudos to the REALTORS in Ashland, Coshocton County, East Central, Heartland, Knox County, Licking County, Marietta, Marion, Midwestern Ohio, Portage County, Springfield, Toledo Regional, Wayne-Holmes, and West Central.

And the it-could-be-better news:

  • Statewide only 18.87 percent of Ohio’s REALTOR community has participated in the effort to say no to a “reform” plan that is a direct threat to consumers, to homeowners and to our business. In fact we are one of only 12 states that have yet to reach our 20 percent participation goal.
  • Further, Ohio REALTORS are losing to our peers from the state up north. Michigan REALTORS currently have a participation rate of 21.07 percent.

Help your profession! Help your Board/Association! Help middle class homeowners! Help save the American Dream! Make your voice heard by clicking here!

Here are the current Ohio “Board vs. Board” standings:

Metro Boards (1,200+ members)

  1. Toledo Regional Association — 26.58%
  2. Cincinnati Area Board — 15.1%
  3. Columbus REALTORS — 14.44%
  4. Dayton REALTORS — 13.43%
  5. Akron Cleveland Association — 12.9%

Large Board (450-1,199 members)

  1. Lake-Geauga Area Association — 18.56%
  2. Medina County Board — 16.84%
  3. Butler-Warren Association — 16.46%
  4. Firelands Association — 16.43%
  5. Stark County Association — 16.17%
  6. Youngstown Columbiana Association — 8.54%

Medium Boards (200-449 members)

  1. Licking County Board — 32.79%
  2. Midwestern Ohio Association — 24.44%
  3. Springfield Board — 23.39%
  4. East Central Association — 22.44%
  5. Wayne-Holmes Association — 21.74%
  6. Portage County Association — 20.16%
  7. West Central Association — 20%
  8. Northwestern Ohio Board — 15.52%
  9. Scioto Valley Association — 14.78%
  10. Lorain County Board — 14.43%
  11. Southern Ohio Association — 12.77%
  12. Lancaster Board — 12.1%
  13. Warren Area Board — 10.43%
  14. Mansfield Association — 10.4%
  15. Guernsey-Muskingum Valley Association — 8.62%

Small Boards (under 200 members)

  1. Ashland Board — 81.03%
  2. Marietta Board — 38.1%
  3. Knox County Board — 29.27%
  4. Coshocton County Board — 27.59%
  5. Heartland Board — 25.2%
  6. Marion Board — 24.19%
  7. Ashtabula County Board — 16.9%
  8. Highland County Board — 14.75%
  9. Beaver Creek Area Association — 13.56%
  10. Athens County Board — 13.46%
  11. Clinton County Board — 12%
  12. Greater Portsmouth Area — 10.14%
  13. Delaware County Board — 8.7%

Tags: Association news, politics

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