Fund News and Alerts
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Resource Feature - New Programs Added to Realtor® Education Library
The Florida ARECs Realtor® Education Library Guide has been updated to include a number of new
programs, including:07/03/2024 -
From Oaths to Pixels: Navigating Remote Online Notarization in Florida
As Florida has embraced technological advancements in the notarial process by allowing online notary publics to perform remote online notarization (RON), certain scenarios recur for Fund Members, leading to questions about Fund Underwriting approval requirements. The most frequent questions posed by Fund Members involve the requirements for Fund Underwriting RON approval when the signer is a foreign national. These situations require additional analysis as opposed to scenarios where the signer is a United States citizen.
07/01/2024 -
Homeownership: How to Move from Dream to Reality
By Rene’ Rutan, REC Relations Manager, The Fund & Florida ARECS
"Homeownership promotes stability and healthy outcomes, builds intergenerational wealth, and ultimately is fundamental to America's promise of opportunity,” said Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon in HUD’s press release celebrating this year’s National Homeownership Month.
06/12/2024 -
Restoration of Priority: Applying the Revised Notice of Termination Statute
Title insurers are routinely called upon to insure loans on property before, during, and after construction. The priority of the loan is of paramount importance to the lender in every instance. Florida’s Construction Lien Law, Sec. 713.13, F.S., contains the concept of the notice of commencement. The notice of commencement marks the beginning of construction and establishes a single point in time to which any liens filed against the property relate back. A notice of commencement is valid for one year (or longer if so provided). Its primary purposes are to create an equal playing field for all who work on a project and eliminate disputes over the priority of lienors’ claims filed at various times during construction. A notice of commencement can create a challenge to the loan priority if it is recorded and unexpired prior to a mortgage in a current loan transaction.
06/03/2024 -
Real Estate Agent’s Guide to Florida’s Condominium Law Post-Surfside
This 2-hour FREC-accredited program provides a deep dive into changes in condominium law since the Surfside collapse. Agents will learn what they need to do to avoid liability when representing a buyer or seller in a condominium transaction.05/28/2024 -
Issuing Implementing Rules to Florida’s Foreign Interest Law
The Department of Agriculture and Consumer Services Joins the Department of Commerce in Issuing Implementing Rules to Florida’s Foreign Interest Law.
On Mar. 15, 2024, the Florida Department of Agriculture and Consumer Services (FDACS) issued rules implementing the provisions of Ch. 2023-33, Laws of Florida, relating to the interests of foreign principal ownership of agricultural land. The FDACS rules went into effect on Apr. 4, 2024, and are in Ch. 5J-27, F.A.C. The rules mirror in many ways the implementing rules issued earlier this year by the Florida Department of Commerce (FDOC) relating to the interests of foreign principal ownership of non-agricultural real property. The FDOC rules are in Ch. 73C-60, F.A.C. This article will highlight some key aspects of the FDACS and FDOC rules.
05/01/2024 -
Close Seamlessly with Fund Integrations
Did You Know? Fund integrations with closing software can be used to place, check and receive orders, CPLs and jackets, and submit and pay policies seamlessly. Talk about a time saver!
04/11/2024 -
Goodbye, GTOs; Hello Forever Reporting?
On Feb. 7, 2024, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking. The new rule would replace the temporary Geographic Targeting Orders (GTOs) that have for years required title insurance companies and their agents to report residential real estate purchases above a certain dollar amount in certain localities by business entities without institutional financing. FinCEN issued the proposed rule on Feb. 16, 2024. The proposed rule is currently subject to a 60-day comment period.
04/01/2024 -
Resource Feature - Blog and Florida Realtors® Legal News Advertising Campaign
If you have not read the Florida ARECs Blog recently, you need to check it out! We discuss a variety of topics of interest to REC Member Attorneys, Realtors® and consumers. We encourage you to read one our interesting posts like, Whose Property Is It Anyway: Heirs Property and Its Impact on Underserved Communities, written by Brenda Ezell of the Ezell Law Firm in Jacksonville. This article touches on an important topic, and not only provides resources to consumers who may be affected by this issue but also includes a hyperlink to a Fund Concept article with details Fund Members need.
03/27/2024 -
Latest REC News - March & April 2024
The Polk Area Real Estate Council held their Annual Member Meeting and Elections on January 25 in downtown Lakeland. Congratulations to Keith Wadsworth of Peterson & Myers, PA, who was elected President!
03/27/2024
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