Fund News and Alerts

  • 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. 

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    06/03/2024

  • Broker Compensation Resources

    The National Association of REALTORS® (NAR) settlement prompted significant changes that have impacted the entire real estate industry. Use these resources to help you navigate the changes and ultimately grow your business.  If you have questions (and who doesn’t), sign up for one of our FREE 30 min. Q&A Zoom Meetings with Shannon Widman, Fund Deputy General Counsel!

    Broker Compensation Resources

    06/03/2024

  • Alert - Lee County Grantor/Grantee ID Requirement Applicable to Electronically Submitted Deeds

    Fund Members should be aware of a requirement to include government-issued photo identification (IDs) with electronically submitted deeds in Lee County effective June 1, 2024. Florida Statute 28.2225 created the Title Fraud Prevention Through Identity Verification Pilot Program in Lee County for the purposes of assisting law enforcement to verify the parties engaged in a property-related transaction

    05/30/2024

  • 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. 

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    05/01/2024

  • 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.   

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    04/01/2024

  • 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

  • Florida ARECs Enhanced Role in The Fund's Attorney Value Campaign

    Last year, The Fund introduced its Attorney Value Campaign to promote the message of working with a real estate attorney to consumers and real estate agents. As a Florida real estate attorney, you protect property rights and ensure efficient, secure, reliable, professional, accurate and safe transactions for buyers and sellers. The Fund Gets You!

    03/27/2024

  • Don’t Miss the RECs at Fund Assembly!

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

    We are pleased to announce that Dr. Jessica Lautz, Deputy Chief Economist and Vice President of Research of the National Association of REALTORS®, will sit down for an intimate conversation exclusively for REC members during this year’s Assembly REC Luncheon. It will provide attendees with a unique opportunity to meet Dr. Lautz and hear her thoughts on the economic issues driving the Florida real estate market.

    03/27/2024

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