There are multiple steps that our real estate lawyers list that you need to follow to be classified as a real estate professional. First of all, you need to participate in a realty business; secondly, more than 50% of the personal services you perform in all your other businesses must be allocated to your realty business; thirdly, the personal services you spend in this realty business must amount to 750 hours over the course of one year. The bottom line is that you don’t have to work full time in real estate to be classified as a real estate professional.
Be In The Know
Our property lawyers will inform you that even if you work in another occupation, it is necessary to allocate at least 750 hours per year to this business. Some real estate businesses can mourn losses or some gains, this is because tests are carried out every year to determine whether you can become a real estate professional or not. Our firm wants to make these processes easier for you by having conversations with you regarding your interests and other occupations; we also gear you up with what to expect in the realty business that you may not know the solution to.
What Sets Us Apart
The highlight of our practice is the people within it, our team members are the very best in their fields with adequate training to make sure that they know how to handle situations. Their topmost priority is your comfort and your win.
- Familiarize your situation
- Impart logically sound advice, tailored to your case
- Keep the client up to date on all matters concerning their case
- To be the client’s biggest advocate and offer unrelenting support
- To strive and do all that is possible to ensure victory