Commercial Legislation and Regulatory Advisory Board

Uncertainty remains regarding 1031 exchanges, capital gains, and depreciation recapture rates especially during this election year. We need to keep beating the drum! If changes do occur to policy, changes are more likely to be prospective rather than retroactive as this is historically how it is done which offers some consolation to those already in the 1031 exchange process.

The FHA condo plan if passed will positively impact mixed use properties.

A good flood insurance policy would open more private insurers to come into the market. This helps not just residential properties but commercial real estate as well.

There are 48 days remaining for legislature. Lame duck sessions are expected after November and this presents both opportunities or peril for our issues.

MIT research in tax consequences for appreciable life terms is in collaboration with other real estate groups like ICSC, Real Estate Forum, etc. This research will provide a broad look at how changes in policy would result in either a positive or negative tax consequence for investors.

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Veronica Malolos

Veronica Malolos, CRB, is a Commercial Realtor and CCIM Candidate. In 2014, she was mentored and then hired in 2015 by CCIM 2017 Global President, Robin Webb, at NAI Realvest. Her personal notable transactions include land sales for Walmart Neighborhood Market Store, St. Cloud Preparatory Academy, Carrousel Therapy Center, Cameron Preserve (a 200 unit multi-family site), Stevens Crossings Retail Village, Kid City USA, leases for Florida Congressman Darren Soto, Centerstate Automotive Inc. and a repurposed bank sale for St. Cloud Compounding Pharmacy. In her recent past, she was the Managing Broker of the top producing residential Remax office in her market area for four years. In her community of Osceola County, Florida, she is the Chair of the County Planning Commission, and a Trustee for the Osceola County Education Foundation Charter School Board. She is also the President and cofounder of the Community Land Trust of Osceola, Inc. As a REALTOR® of 13 years, she is a leader in her local, state and national REALTOR® Associations. She is also a Graduate and Alumnus of “Leadership Osceola”, and Graduate of both the Florida REALTORS® and National Association of REALTORS®' Leadership Academies. In 2010 she was Presidentof the Osceola County Association of REALTORS® and in 2014 was District 12 Vice President for the State Association, Florida REALTORS®. She believes that real estate practitioners should subscribe to the REALTOR® Code of Ethics and be an active voice for real estate in the community. She is an avid gardener, singer, a Mentor for the Take Stock in Children Program, a proud mother of 5, grandmother of 2 and faithful wife to her husband, Manny.

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