BrokerageIndustry News

Realtor groups mobilize against real estate transaction taxes

Associations use Web sites, ad campaigns to combat tax hikes
Published on Apr 9, 2007

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by CareyBot

Proposals to create or raise real estate transfer taxes, which add real estate transaction costs for consumers, set the lobbying machines in motion at several state-level Realtor trade associations.

The North Carolina Association of Realtors in late March launched a campaign to mobilize against a proposed tax that would charge sellers 1 percent of the sale price in home-sale transactions.

Realtor groups fear that such taxes will discourage home sales, especially among lower-income consumers. And real estate sales have already slowed in many markets across the country ...

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