Fund News and Alerts

Session Law 2023-238: Florida Legislature Creates and Enhances Anti-Fraud Law, New Quitclaim Deed, and Recording Requirement

During the 2023 Legislative Session, the Florida Legislature passed House Bill 1419. On Jun. 14, 2023, the bill was approved by Governor Ron DeSantis and assigned Session Law Number 2023-238. Principally, the new law creates procedures and guidelines designed to thwart real property fraud. In addition, new provisions are included which govern actions to quiet title resulting from alleged fraudulent conveyances as well as mandating a new form quitclaim deed. Except as otherwise noted, the provisions of the new law are effective on Jul. 1, 2023.  This article will set forth many of the details of the legislation. 

Read the article

09/01/2023

Florida Governor Ron DeSantis signed Senate Bill 264 (SB 264) into law on May 8, 2023. The law has an effective date of Jul. 1, 2023, and may have a tremendous impact on the ownership and conveyance of real property in Florida. The bill creates Secs. 692.201 – 692.205, F.S., and is commonly referred to as the Conveyances to Foreign Entities Act (Act).  The Act contains wide prohibitions with respect to foreign ownership of certain real property. Under the Act, ownership includes direct or indirect ownership of, or a controlling interest in, real property. Although the Act does not impose compliance liability on the issuing agent or underwriter, being familiar with its terms allows agents to be better prepared to discuss its implications with buyers and sellers. The Act applies to certain types of property and certain foreign principals, so it is important to understand how each of these is defined. 

Read the article

08/01/2023

This 45-minute program teaches real estate agents how to recognize issues that may adversely affect the parties’ ability to close on time. 

07/17/2023

Inspections and repairs in residential real estate transactions can be a major source of disputes between buyers and sellers. 

07/17/2023

Tens of billions of dollars have been lost since 2015 due to Business Email Compromise.

07/17/2023

PACE financing agreements are used to make energy efficiency and hurricane hardening improvements to commercial and residential properties.

07/17/2023

What are the red flags for a fraudulent vacant land sale? 

07/17/2023

There are just some mistakes that seem to happen every day.

07/17/2023

This 3-hour FREC-accredited program provides a comprehensive review of the contract at the heart of what licensees do every day.

07/17/2023

In response to the deadly Champlain Towers South collapse, Florida has enacted new laws designed to protect against similar tragedies, with consequential obligations imposed on condo associations.

07/17/2023