News
CRE Broker Training Programs Are Missing This
New commercial real estate brokers have a lot on their plates when it comes to getting started in the industry. Breaking into the profession is not easy and requires much effort. Luckily, this is a profession that rewards effort. There are not many careers that have such a correlation [...]
Cash Flow Management for CRE Brokers
Cash flow management is integral to success as a commercial real estate broker. However, erratic cash flow is difficult to manage. It causes stress that is not there for a salaried employee. It is why some CRE brokers choose to leave the 100% commission world for a REIT or [...]
Change Your Mindset and Increase Your Income
Most commercial real estate brokers are independent contractors paid via 1099. When you're an independent contractor you are technically a small business owner. Unfortunately, too many brokers do not think or function like a business. In most states, brokers have the opportunity to form an entity and elect S [...]
Now Is a Great Time to Invest
The stock market is down more than 10% year-to-date. This meets the definition of a stock market “correction.” A correction happens about every 1.6 years. So it is a pretty common event. When the stock market is down more than 20%, it is called a “bear market.” That happens [...]
Deducting Your Vehicle as a Business Expense
One of the most common questions we get is about deducting vehicle expenses. Because most commercial real estate brokers are independent contractors with 1099 compensation, they get to deduct expenses related to the production of income of that business activity. In other words, they get to deduct business expenses. [...]
Entity Formation Basics for CRE Brokers
Most commercial real estate brokers are independent contractors. They receive 1099 compensation and are not a W-2 employee of their brokerage firm. Another term for an independent contractor in real estate is a Qualified Real Estate Agent (QREA). QREA is the term used in the tax code that allows [...]
