TO: Minnesota REALTORS®

RE: EXTENSION & EXPANSION OF HOME BUYERTAX CREDIT

Congratulations to all of those who took a few minutes to contact their elected officials in Washington. Both the House and Senate have passed the bill with overwhelming majorities and it is anticipated that President Obama will sign the bill today.

Below are links to documents assembled by the National Association of REALTORS® providing you with additional information so you can answer your clients' questions and concerns. There will be additional information forthcoming once President Obama signs the bill and the IRS begins implementing the new rules.

NAR FAQ: Homebuyer Tax Credit Changes
NAR Issue Brief: Homebuyer Tax Credit Changes

Have a wonderful weekend.

Christopher Galler
Chief Operating Officer
Minnesota Association of REALTORS®
cgaller@mnrealtor.com