Fund News and Alerts

The REC community was wildly busy in January and February! See what all of the RECs have been up to:

See what the North Dade and the Beaches Real Estate Council, the Bay Area Real Estate Council (BAREC) and the Capital Region Real Estate Council has been up to these past two months.

New RECs under construction! Florida Keys REC held its first event in sometime on October 20th in Marathon. The Real Property Council of Volusia County continues to move forward.

The Attorneys’ Real Estate Council of Miami-Dade County (aka South Miami-Dade) recently welcomed new President Ivette Rodriguez of Coral Gables.

Dec 2nd - TRID is Here. Now What? presented by Margaret Atkins Thumberg, Esq., Fund Senior Underwriting Counsel & Legal and Branch Education Manager. What can real estate licensees do to assist their clients in making their next home sale or purchase run smoothly in this new regulatory environment?

By Maggie Thumberg, Senior Manager, Continuing Legal Education, The Fund

ARECS members have been hearing a lot about electronic closings and digital mortgages...

Recent federal tax legislation increases the FIRPTA general withholding rate from 10% to 15% effective for closings on or after February 16, 2016. Closing agents should adjust their procedures and forms to reflect this change. (If you want a reference, it is H. R. 2029, now known as Public Law 114-113. See Section 324 for text of changes).

If you have been a Fund member for more than 10 years you likely remember the Consumer Education Campaign sponsored by The Fund to promote the use of real estate attorneys on radio and television.

If you have spent any time on Florida ARECS consolidated REC website www.flarecs.com you have undoubtedly discovered it is full of useful tools and resources for the real estate practitioner.

The Attorneys’ Real Estate Councils of Florida has been a sponsor of the RPPTL Residential Real Estate & Industry Liaison (RREIL) Committee since 2018.  Under normal circumstances our Board would be attending their meetings in person and spreading the word about the RECs and the incredible work they are doing; bringing together real estate attorneys and providing opportunities to promote them to the Realtor® community.