Suburban West Realtors Association
Suburban West Weekly
June 13th, 2018
IN THIS ISSUE
Translation Services Resource
Available on Pennsylvania Association
of REALTORS Website

State Issues New Rules for 1099
Tax Withholding Requirements

Local Market Statistics Reports
Now Published for May

SWRA Board of Directors
Nominations Due by June 19th
 
"REALTORS on the Move" List Updated

Real Estate Investment: Build Wealth
Representing Investors and Become
One Yourself!

How Pipeline Work is Affecting Real Estate
in Chester and Delaware Counties

Calendar of Events

 



Translation Services Resource Available on Pennsylvania Association of REALTORS Website

Representing non-English-speaking clients can offer a number of challenges for REALTORS. Communication issues as well as cultural differences add an additional layer to already complex relationships and transactions. Given the extremely important factor that clear communication plays in real estate transactions, for the protection of all parties, agents should work with an interpreter in those situations that necessitate it.
The Pennsylvania Association of REALTORS has compiled a list of translation services. Click here to find translation and interpreting services located around the state through their Legal Resource Library (found under the "specialty" section).

State Issues New Rules for 1099 Tax Withholding Requirements

New state tax withholding requirements have created two new obligations for individuals and businesses that pay certain out-of-state individuals. The new rules will require withholding the amount of Pennsylvania Personal Income Tax (currently 3.07 percent) and remitting them to the state through the Department of Revenue.

“When we initially learned of these changes, PAR began some investigating. It’s clear that the new rules were passed quickly and were not targeted at the real estate industry, but they will, in fact, affect a small number of brokers and REALTORS,” said Hank Lerner, PAR director of law and policy. Read about the following changes in the full article here from PARJustListed.com.

Local Market Statistics Reports Now Published for May

Updated market statistics reports are now available for May 2018. These dash-board style reports cover Berks, Chester, Delaware and Montgomery counties and Philadelphia. These reports are vital to keep yourself knowledgeable about market trends and to demonstrate to your clients the most accurate local housing information available.

SWRA Board of Directors Nominations Due by June 19th

The Suburban West REALTORS Association requests that members who are interested in running for an open position on the Board of Directors or would like to nominate another member who they believe would be a good candidate, should notify the Association by Tuesday, June 19th. It is the goal of the Association to attract the most qualified and desirable slate of candidates who each can devote the time and energy to effectively serve the membership. The are five (5) REALTOR positions on the Board that will be contested in this election.
Click here to learn more about the responsibilities of a Director. For more information on the process or to provide the name of a candidate, please contact Suburban West CEO Anne Marie Matteo.

"REALTORS on the Move" List Updated

In an effort to provide our members and the public with the most updated information available on the whereabouts of REALTOR members, the "REALTORS on the Move" list is updated bi-monthly. You can access the most recently published list here.
Have you switched offices? Let Suburban West know by accessing this easy-to-use transfer form and submit it back to the Association office. Questions? Contact Tina Lavelle.

Real Estate Investment: Build Wealth Representing Investors and Become One Yourself!

As a source of clients, investors look to real estate professionals with distinct knowledge and expertise: a nose for finding properties, an understanding of available finance and investment strategies, access to contractors for repairs and the ability to manage properties. 
The upcoming Real Estate Investment designation course (July 9th; 9:00am-5:00pm) will help agents better understand what it takes to represent investors and help these clients reach their goals. The course will also examine how REALTORS can invest in residential property and build wealth for the long term. Click here to register or call the Association of REALTORS School by dialing 610-560-4900.

How Pipeline Work is Affecting Real Estate in Chester and Delaware Counties

The $5.1 billion Mariner East project, which aims to deliver 675,000 barrels a day of propane and other highly volatile gas liquids across Pennsylvania to Marcus Hook through three pipelines, has produced considerable anxiety in some neighborhoods in Chester and Delaware counties, the most densely populated areas along its 350-mile route.
The project has unsettled the residential real estate market, as some fearful homeowners sold out ahead of construction and some buyers moved in unaware of the forthcoming disruption. Some homeowners said they were aware their property contained an easement for an 87-year-old Sunoco fuel pipeline but did not know that the easement was refurbished in 2014 as the Mariner East 1 to transport gas liquids from the booming Marcellus Shale region. And others said they had no clue that Sunoco planned to build two new pipelines — Mariner East 2 and Mariner East 2X — to expand the system’s capacity, though the project had received media coverage and opposition groups formed to challenge it. Read more.

Calendar of Events

Facebook
Twitter
Instagram
Suburban West REALTORS Association
1 Country View Road, Suite 201, Malvern PA 19355
P: 610-560-4800 | F: 610-560-4801
Association of REALTORS School
1 Country View Road, Suite 101, Malvern PA 19355
P: 610-560-4900 | F: 610-560-4801
  Equal Housing Opportunity Realtor
Manage your preferences | Opt out using TrueRemove®
Got this as a forward? Sign up to receive our future emails.
View this email online.
This email was sent to .
To continue receiving our emails, add us to your address book.
powered by emma
Subscribe to our email list.