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Greetings from Michigan Realtors®! View the top 5 news and resources for the month of July:
1. New Board Update Video on YouTube
Watch the July Board Update with 2014 Michigan Realtors® President-Elect, Gene Szpeinski to stay informed on upcoming events, industry related legislation and the Michigan Primary Election.
2. Go Grand With Knowledge – Add Income to Your Real Estate Business
Go Grand With Knowledge takes place August 27-28 at Grand Hotel, Mackinac Island. It's a Michigan Realtor® tradition. Earn 2 hours of CE credit featuring speaker Timothy Bos. Learn how to add income to your real estate business by developing professional relationships with Auctioneers. For those interested in attending, registration closes on Monday, July 28th.
3. Michigan Realtors® Announces 2014 House Primary Endorsements
After completing an extensive candidate interview process with local Realtor® associations, candidates running for State House and State Senate earned the Michigan Realtors® endorsements. Federal Candidates were interviewed and endorsed by the National Association of Realtors® PAC.
“All of these candidates strive to preserve the dream of homeownership, and to promote the protection of private property rights in Michigan” says Michael Conn, 2014 Michigan Realtors® RPAC Trustees Chair.
View the list of endorsed candidates here.
4. Michigan Realtors® Centennial Hashtag Contest
In March 2015, Michigan Realtors® will celebrate 100 years in the real estate industry. We need a hashtag to help us document the Centennial Celebration and many highlights throughout our great history. Now through August 31st, Michigan Realtors® members have the chance to enter their hashtag idea. The top 5 entries will be featured in an online voting poll with the winner announced during the Convention & Expo this October in Grand Rapids.
Click here to enter
5. Independent Contractor Status
A number of Michigan Realtors® members may have heard about a recent class action lawsuit in California alleging that the Seattle-based online real estate brokerage Redfin misclassified its agents as independent contractors when they were in fact employees. It is important to understand that the Redfin agents did not pay its agents on commission. The allegations in the California lawsuit do not have any relevance in the typical situation in Michigan in which real estate agents receive their compensation in the form of a commission. Under Michigan law, a real estate agent is deemed to be an independent contractor for all purposes if he/she has a written independent contractor agreement in which he/she agrees to be responsible for his or her own taxes and at least 75% of his/her annual compensation is in the form of a commission. The lawsuit makes for interesting conversation, but raises no cause for alarm in Michigan. For more information, view this article.
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