The Pennsylvania Association of REALTORS® doesn't think so, either.
"Consumers in Pennsylvania will have to spend thousands of dollars more to purchase a home if Gov. Rendell's plan is enacted," said PAR President Don Roth. "Housing will become less affordable and beyond the reach of many Pennsylvanians."
From a PAR press release:
According to Roth, the proposed tax would affect every profession and service connected to a real estate transaction. In addition to paying a 4-percent tax on real estate agent/broker services, consumers will have to pay a 4-percent tax on appraisals, attorney services, credit reports, mortgage originations, home inspections, surveys, title searches, construction, architectural services and site preparation.Read the full release at the link below:
REALTORS(R) Oppose Gov. Edward G. Rendell's Proposed Tax on Professional Services in Real Estate Transactions