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Current Legal Issues in NYC Real Estate & 1031 Exchange Programs
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In the premier episode of Season 10, Vince discusses the NYC real estate market in light of the National Association of Realtors settlement, which is pushing for greater transparency, potentially altering the traditional broker commission structure, and could impact both buyers and sellers. Additionally, the potential reform or elimination of 1031 exchange programs, which allow investors to defer capital gains taxes on property exchanges, is causing uncertainty among investors, as well as predictions for the final months of 2024. Filmed at Brown Harris Stevens’ Studio 1873, Part of the Mastery of Real Estate (MORE) Network. Subscribe: https://podcasts.apple.com/us/podcast/talking-new-york-real-estate-with-vince-rocco/id1645541166 Watch: https://www.youtube.com/playlist?list=PL7_x00Dbn3OSlGbpYVDMcT_DI0gFW06hq Connect with Vince Rocco: https://www.bhsusa.com/real-estate-agent/vince-rocco Brown Harris Stevens is one of the largest privately owned real estate brokerages in the country, with more than 40 offices across four states: New York, New Jersey, Connecticut, and Florida. https://bhsusa.com/ #RealEstate #VinceRocco #NewYorkCity #TNYRE #NYC
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