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Special consideration for agriculture or timber land and predominate useEffective Jan. 1, 2020, sales of real property are subject to a graduated price construction for the state portion of REET. However, gross sales of real property classified as “agricultural land” or “timberland” will stay topic to a flat rate of 1.28% for the state portion of REET. The Real Estate Division provides a comprehensive vary of top-calibre, industry-driven distance education programs that serve the needs of the true estate neighborhood domestically, nationally and internationally. Included in the subsequent Update courses substantial material addressing racial equity in real estate transactions, together with Fair Housing, Commission rules, and associated matters and situations.

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