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If you have a hard time finding the form you need in either Zipforms or dotloop, use the search button at the top of the page in the DAR forms library on either platform. Just type in the name of the form and hit “enter” on your keyboard. This should get you to the form you need in seconds!
As stewards of the right to own, use and transfer private property, fair housing protects our livelihood and business as REALTORS® and depends on a free, open market that embraces equal opportunity. Fair Housing Makes US Stronger.
Effective immediately, the First Time Home Buyers Credit provides some relief to first-time homebuyers by reducing the buyer’s portion of the state transfer tax by one-half of the one percent increase levied in 2017 by the General Assembly. A cap on the purchase price is set at $400,000, and the maximum credit that can be claimed is $2,000. First-time homebuyers who paid the full tax after August 1, 2017, can apply for a refund.
To qualify as a first-time buyer, individuals must have no record of owning a direct, legal interest in residential real estate. In addition, all first-time buyers must intend to occupy the property as their principal residence
Information on credit qualifications, FAQs, and forms can be found here. Also on that page is the number for Taxpayer Assistance. For more information, brokers may contact the DAR Legal Hotline; instructions are here. Buyers may also contact their accountant.
NAR’s new Commitment to Excellence (C2EX) tool offers members a way to learn, grow, and promote expertise at no charge. Measure your proficiency in areas ranging from customer service to use of technology, and get resources to improve your score.
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