Fund News and Alerts
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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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New Trust on The Block: Community Property Trust Act
Effective July 1, 2021, the Florida Legislature passed the Community Property Trust Act as Ch. 736, Part XV, F.S., (the Act). Prior to the Act, Florida was a pure “common law property” state, meaning that the way title was held determined who owned the property. In community property states, “community property” means that the assets acquired during the marriage are owned by each spouse equally, regardless of how title is held. The Community Property Trust Act gives people the option of holding assets in Florida as “community property” by transferring them to a community property trust.
07/01/2023 -
An Easy Way to Promote Your Practice & Value to Real Estate Professionals
We know you are essential to the closing process, and to help real estate professionals and consumers gain the same understanding, we have launched a statewide “Value of a Real Estate Attorney” awareness campaign. The campaign will be promoted on the below channels.
- Florida Realtor Legal News
- Title Report Ads
- Paid Search ads - internet online searches
- Social Media
- Outdoor Billboards - Orlando, Miami, Tampa
- Realtor Association Magazines - Orlando, Miami, Tampa
05/25/2023 -
Chapter 159 and How to Clear the Standard Exception
Fund commitments contain a standard exception for any lien provided by county ordinance or by Ch. 159, F. S. More specifically, the exception excepts from coverage, “Any lien provided by County Ordinance or by Chapter 159, F.S., in favor of any city, town, village or port authority, for unpaid service charges for services by any water systems, sewer systems or gas systems serving the land described herein; and any lien for waste fees in favor of any county or municipality” (the Exception). Of particular note, this Exception not only relates to Ch. 159 municipal liens, but also liens created by county ordinance. The goal of this article is to explore why the Exception is included on Fund commitments, and how to delete it. Read the article
05/01/2023 -
Don't Miss BAREC's Upcoming Seminar in Your Area
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?
04/10/2023
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