Fund News and Alerts

On March 6^th, we held one of our biggest events ever!  Florida ARECS’ Inaugural Legal Summit for the Miami Association of Realtors® was held at the iconic Hard Rock in Hollywood. 

By: Rene’ Rutan, Manager, Events & Affiliate, REC & Realtor® Relations

Summer brings outdoor grilling, hot days and lots of rainy afternoons, but it also brings a second wave of Annual Meetings and Elections. Here are some of the Real Estate Council leadership changes taking place around the state.

By: René Rutan, Manager, Events & Affiliate, REC & Realtor® Relations

After a year of historic real estate activity fueled by a combination of demographics and the pandemic, the Florida real estate market appears to be taking a pause.  Add to that, a flurry of interest rate increases by the Federal Reserve, to get a handle on the highest inflation in 40 years, and you’ve got yourself a good old fashioned economic slowdown.  While you may not want to celebrate that, it does present some opportunities to focus on aspects of your practice that you may have been neglecting – like Marketing.

Florida ARECS hosted a special reception in Orlando on March 18th, which coincided with The Florida Bar’s Real Property, Probate and Trust Law Section (RPPTL) meeting.

By: Frederick W. Jones, Esquire President, Attorneys’ Real Estate Councils of Florida, Inc.

Please let me be the first to welcome you to the brand new home of Florida ARECS and our website, www.flarecs.com.

This premier REC event attracts over 200 Realtors® for a full day of quality education provided by members of the Central Florida Real Estate Attorneys’ Council and others.

As part of the closing process, once a Fund Member has received a contract to conduct a closing and issue title insurance policies, the lender involved may request confirmation that the Fund Member, also referred to as the Closing Agent, is in good standing with their title insurance underwriter. This letter is commonly referred to as an Authorized Agent Letter. This article describes the Authorized Agent Letter and, if requested, how a Fund Member may obtain it. The request for an Authorized Agent Letter serves as a good reminder of the duties and responsibilities of Fund Members as title agents. This article also reviews some related best practices and procedures. Following the best practices ensures the proper measures are being taken during a transaction to help prevent any instances of fraud or a cloud on title from occurring.  
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You can now submit policies and pay premium invoices easily and electronically* via The Fund's integration in Landtech.

Generally, creditors have no recourse against a business owner for the debts of the business so long as corporate formalities, such as separate books and records, separate bank accounts, and proper capitalization, are followed. The corporate entity form is supposed to protect its owners from such liability. That protection is often referred to as “the corporate veil.” But if the company is merely an alter ego of the individual owners, and that alter ego was used to commit fraud, courts will permit creditors to disregard the legal separateness of the business entity from its principals and “pierce the corporate veil.”

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