What is the difference between a real estate broker and real estate agent?gregdaman925 asked: I was wondering what the difference was between a real estate broker and a real estate agent? How long would you have to go to school to be either one? I pretty much got my answer to this question. Can a real estate broker act as both a broker as well as the [...] If I claim to be a real estate professional for tax purposes, is my income subject to FICA?capn bob asked: I qualify as a real estate professional for tax purposes. I own and manage over 25 rental properties. I have not claimed that status in the past. I have recently married and my husband has retirement and investment income in excess of the maximum income amount allowed under the passive activity rules. [...] |