GRI 101 – Taxation & Investment Property; Tax & Self-Employed

GRI 101 – Taxation & Investment Property; Tax & Self-Employed with Chris Bird, CFP, CRS

GRI 101 Taxation and Investment includes some of the most relevant issues that REALTORS® need to be aware of, including the following: 1. The latest information regarding the tax deductibility of Real Estate Taxes on a principal residence as well as the changes in the home mortgage and home equity indebtedness interest deductibility rules as a result of recent tax reform (2017). 2. The latest information regarding the tax changes to the IRC 1031 Exchange. 3. The latest information how the tax changes impact deductions for real estate investment properties. These issues are important for REALTORS® to know because they impact their clients and customers as well as themselves.

In addition, GRI 101 includes strategies regarding the buying, holding, and selling of investment real estate, as well as covering many of the most significant tax deductions that self employed individuals are allowed to deduct, including the new 20% Qualified Business Income Deduction that most self-employed individuals can deduct starting in 2018.

Instructor Bio

Chris Bird has been in the financial business for over 30 years. He started his career with a degree in Accounting and a minor in Business Administration. He also holds the Certified Financial Planner designation (CFP).

Chris was a Senior IRS agent for 16 years. He began conducting courses after leaving the IRS and started his own company, Chris Bird Seminars, Inc. Chris went on to conduct over 125 seminars a year on taxes, wealth building, residential rental property ownership, and tax strategies for the real estate and financial industries nationwide.

Chris was an adjunct instructor at the University of Illinois in tax law for over 20 years. He is a Certified CRS Instructor. He currently holds his real estate license in Illinois. Chris has a unique way of making a tough subject (taxes and investments) entertaining and enlightening at the same time.

If you are looking for a lively speaker who has timely content on tax issues facing today’s REALTOR®, you have come to the right place! Chris makes what is sometimes a boring topic easy to understand and adds in some fun!

FAQs

Why do I need the GRI designation?

It doesn’t matter if you’ve been in the business a while or are just starting out. If you’re hungry for more success, it’s time to raise your real estate career to a higher level by earning the most comprehensive real estate designation: Graduate, REALTOR® Institute (GRI).

Just ask current GRI designees. In a recent survey, they indicated these top three reasons for earning the GRI:

1. Gain comprehensive knowledge — The coursework provides in-depth training on the most essential topics, including market knowledge, business skills, systems and tools, and risk management—substantially beyond what’s covered by licensing courses.

2. Build confidence — Past graduates consistently say they love their GRI because it gave them confidence in their own skills and credibility with clients—essential components for building a successful real estate career.

3. Impress consumers — With “Graduate, REALTOR® Institute” by their name, they stand out in their market as an agent who takes advanced real estate education seriously.

Not only do GRIs have a leg up on agents without the designation, the time required to earn your GRI goes a long way towards demonstrating your level of commitment to yourself, your clients, and the industry. It’s a true win-win-win proposition.

How is the GRI different?

Unlike most NAR designations, the GRI is managed independently by each state association of REALTORS®, with slightly different course requirements. This provides an optimal blend of state-specific content along with national perspectives. Also, GRI designees do not pay any annual dues to maintain their designation.

What are the added fees?

There are 2 types of convenience fees: 1. Eventbrite Service Fee & 2. Payment Processing fee of 3%.

How can I avoid the convenience fees?

Simply send a check payable for $250 to: Idaho REALTORS®. Address the envelope to Amanda Pannell at Idaho REALTORS® 10116 W. Overland Rd. Boise, ID 83709. Be sure to write “GRI 101” in the memo.

What are my parking options for the class?

Parking is available onsite at Pioneer Title Company.

What can I bring into the classroom?

Feel free to bring snacks and drinks. There will be complimentary coffee and snacks as well. Lunch will not be provided. There will be a 1-hour lunch break for those who wish to go off-site. Feel free to bring your own lunch. Refrigeration is limited. Microwave is available.

What is prohibited during the class?

The use of any electronic devices is not permitted during class time, unless required as part of the course. This includes texting, checking messages, note taking, incoming and outgoing class, or any activities not related to the instruction of the course content.

What is the attendance policy?

According to IREC policy, “Regular attendance means 100% attendance at all sessions of a live prelicense or continuing education (CE) course.” A student who misses any portion (even a few minutes) of a course may not receive credit. The Commission obligates instructors and course providers to monitor student attendance and strictly enforce this attendance policy.

Can I bring my child?

No. Please arrange for childcare ahead of each class. No exceptions. You will be turned away.

How can I contact the organizer with any questions?

Please direct all questions to the Education Director, Amanda Pannell at (208) 342-3585 or email

What’s the refund policy?

30 days prior to the first class for a full refund.

Where can I find any additional information?

Please visit us at: IdahoRealtors.com