Latest RCA Information

Once a month, RCA puts out some information regarding what's new within the commercial REALTOR world. Here is the latest.

The Commercial Block at the NAR Conference and Expo: ( http://www.realtor.org/commercial/commercial_day .)
Commercial sessions and events are better than ever this year so encourage your members to join in – November 13-16. Commercial has a dedicated area on the exhibition floor where you can relax, get information and visit. There’s a fun interactive event with Nathan Sawaya, the artist who builds LEGO® sculptures. He’ll lead an interactive building project, so tell everyone to stop by Booth # 3025. It’s the center of all things Commercial.

This is BIG!
" At a 5% discount/35% marginal tax rate, if $100K in assets are reclassified from a 39 to a 5-year recovery period, net-present-value savings are about $16K. " This is the kind of information members will hear at the Cost Segregation session at the NAR Conference and Expo in November. Saving a client $16K can’t hurt! Despite these tough times, encourage your members to attend. Paul White, CCIM, CPM, presents “Cost Segregation: Improving Cash Flow/Deferring Taxes” on Nov. 15 from 1:30 till 5 p.m. Advanced C.E. enrollment is required.
Go to http://www.realtor.org/educsess.nsf/PagesLUNew/09confce04 .

PODCAST* RCA Chair Tells It Like It Is!
Bob Toothaker courageously accepted the RCA Committee Chair position in January, 2009 under unexpected circumstances, and you might say it’s been a whirlwind ever since. The unprecedented economic downturn has commercial practitioners hanging on and hoping the market improves soon. In a podcast this month, Bob recounts efforts that he, NAR and RCA have worked on to keep our industry’s key messages before policymakers and Congress. Listen to the impressive work and modest accomplishments that occurred this year and – importantly – what advocacy continues. Follow this link to see the podcast: http://www.realtor.org/commercial/toothaker_podcast

Commercial Professionals Have Interesting Profile
Did you know commercial members completed a median of eight transactions in 2008 with average sales of $2+ million and their median income was about $100K? Plus 52% of members work for a commercial-exclusive firm and 10% saw an increase in international transactions.

Don't forget that the Commercial Mandatory Update is this Wednesday October 28th at 1:00. Cindy Chandler will be the instructor for the four hour required course at the RRAR location at 111 Realtor Way in Cary. Make sure you register today.