Fund News and Alerts
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Conveyances of Real Property Under the Foreign Entities Act
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.
08/01/2023 -
1031 Exchanges & FIRPTA
This 2-hour FREC-accredited presentation provides both an in-depth discussion of Tax Deferred Exchanges under §1031 of the Internal Revenue Service Code.07/17/2023 -
Avoiding the Wrath of RESPA: What Real Estate Agents Need to Know About the Real Estate Settlement and Procedures Act
This 50-minute program covers the history, details and applications of RESPA.07/17/2023 -
Foreign Investment in Real Property Tax Act (FIRPTA)
This 1-hour program explains what real estate agents need to know when working with foreign sellers and buyers to avoid liability and running afoul of the IRS.07/17/2023 -
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Insuring Against Mortgage Payoff Fraud, Business Email Compromise Fraud & Other Social Engineering Frauds
Cyber-crimes are increasing exponentially and courts are grappling with whom to blame, including real estate agents, when closing funds are misappropriated.07/17/2023 -
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Red Flags: How to Identify and Resolve Obstacles to Closing Early
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 -
Residential Inspections & Repairs: Procedures & Pitfalls
Inspections and repairs in residential real estate transactions can be a major source of disputes between buyers and sellers.07/17/2023
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