Foreign Seller Ahead: Proceed With Caution

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Foreign Seller Ahead: Proceed With Caution

Handling a real estate transaction where the seller is not a citizen of the United States can be difficult -- so knowing and understanding the rules will help make the process easier. When a seller is foreign, the Federal Statute, 26 USC §1445 (or FIRPTA - Foreign Investment in Real Property Tax Act), comes into play. Under this law, the buyer is required to withhold and remit funds to the IRS, but it’s oftentimes difficult to determine when such remittance is required and in what amount. The seller, their accountant and the real estate agent may give the settlement agent misguided or plainly wrong information, leaving the settlement agent uncertain what to do. This program will address commonly seen FIRPTA questions and provide answers aimed to help smooth the road towards a successful closing with a foreign seller.

This webinar is approved for 1.0 general and 1.0 real estate and international law certification credit with The Florida Bar and 1 hour of continuing education with NALA. 

This seminar meets the requirements of the NALA certifying Board for continuing legal education credit required to maintain the CP (Certified Paralegal) credential.

The Florida Bar accreditation for this seminar will expire on May 31, 2024 and access to this seminar will not be available after that date.


Total $60.00

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