What is the passing score for MN real estate exam?

The state specific part of the Minnesota Real Estate Salesperson Exam is comprised of 40 questions and an examinee must answer 30 questions correct to pass (75% correct). How many questions are on the Minnesota real estate exam? The salesperson exam consists of 80 national questions and 40 state-specific questions. To pass, you must correctly …

Read more

Are there property taxes in the Bahamas?

The payment of Real Property Tax is required by law in The Bahamas. The bill is due and payable once produced and must be paid in accordance to the Real Property Tax Act to avoid interest. How much are property taxes in Bahamas? Improved property in the Bahamas is taxed at: On that part of …

Read more

How do I report a loss on an investment property?

Use Schedule D (Form 1040), Capital Gains and Losses and Form 8949, Sales and Other Dispositions of Capital Assets to report sales, exchanges, and other dispositions of capital assets. Can you write off a loss on an investment property? Losses from selling a personal residence are not deductible. Generally, you can only claim tax losses …

Read more

Can a real estate agent tell you about other offers?

While some REALTORS® may be reluctant to disclose terms of offers, even at the direction of their seller-clients, the Code of Ethics does not prohibit such disclosure. … Realize that as a represented buyer, your broker likely has other buyer-clients, some of whom may be interested in the same properties as you are. Can estate …

Read more

Where do I enter sale of rental property in TurboTax?

How do I report the sale of a rental property in TurboTax? How Do I report the sale of rental property With TurboTax open enter sale of rental property in the search box. Select Jump to sale of rental property in the results window just below the search box. Follow the prompts to enter your …

Read more

What property taxes do I pay in Texas?

The average property tax rate in Texas is 1.80%. This is currently the seventh-highest rate in the United States. Breaking this out in dollars, if your home is valued at $200,000, your personal property taxes at the average rate of 1.80% would be $3,600 for the year. What are the property taxes in Texas? Texas …

Read more

What is the best computer for Realtors?

Do Realtors need a tablet? Be it laptop, 2-in-1, or tablet, keeping your business with you on the go is essential to agents who are always moving during their day. The key ingredients to portability are lightweight and a long battery life. Many laptops and quality devices are getting 12+ hours of battery life, and …

Read more

Does military have to pay property tax in Texas?

In Texas, veterans with a disability rating of: 100% are exempt from all property taxes. 70 to 100% receive a $12,000 property tax exemption. 50 to 69% receive a $10,000 property tax exemption. Who is exempt from paying property taxes in Texas? If you are age 65 or older or disabled, you qualify for the …

Read more

Can you write off a car for real estate?

Car Deductions: The single most claimed tax deduction for all small businesses is car and truck expenses. The cost of all driving you do for your real estate business, with the important exception of commuting to and from your home to work, is tax deductible. Can buying a car be a tax write off? You …

Read more