Actually Realtors will have to submit 23% of their gross income for taxes since services are taxable under the fairtax. Technically, the consumer is liable for the tax though, the realtor will just have to provide the consumer with a proper sales tax receipt, collect the money, and remit the money to the government with the proper form.
That’s right, realtors will submit the NRST under the FairTax bundled through escrow and they will not pay an Income tax.
Escrow or financing banks will be the NRST agents.
Should realtors not lower fees and require the buyer to pay NRST while the realtor simultaneously benefits from not having to pay income tax, the buyer is going to tell them to shove it. People are smart and will not put up with that nonsense.
Realtor fees will stay the same. It’s easy for people to figue out. The realtor is not paying income tax. Therefore people will know that realtor fees will come down to keep costs stable as the NRST is added on.