FREC’s Foreign Buyer Workshop & Sitzer/Burnett Trial Updates
Foreign Buyer Affidavit Workshop
FREC has released information on their upcoming foreign buyer affidavit workshop. The workshop is for creating an affidavit related to Senate Bill 264, the bill that impacts buyers associated with a foreign country of concern (China, Iran, North Korea, Russia, Cuba, Venezuela & Syria) and sellers who knowingly sell property to such buyers. Details are below.
When: October 24 at 1 p.m.
Where: Zora Neale Hurston Building, North Tower, Suite N901, 400 W. Robinson Street, Orlando, FL 32801 or register here for the livestream- https://attendee.gotowebinar.com/register/2399430560657090573 or GoToWebinar App, ID 667-378-115.
Who: the public is invited to attend
What: FREC will cover, among other topics, foreign buyer “Affidavits of Buyers of Property”
A copy of the agenda (and suggested affidavit language) may be obtained by contacting: Giuvanna Corona, Executive Director Florida, Real Estate Commission, 400 W. Robinson Street, #N801, Orlando, FL 32801, Giuvanna.Corona@myfloridalicense.com.
Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least five days before the workshop/meeting by contacting: Division of Real Estate, (407)481-5662. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).
If any person decides to appeal any decision made by the Board with respect to any matter considered at this meeting or hearing, he/she will need to ensure that a verbatim record of the proceeding is made, which record includes the testimony and evidence from which the appeal is to be issued.
Source: DBPR
Sitzer/Burnett Trial Updates
The Burnett v. NAR, et al. trial started this week. Updates on the trial can be found on NAR’s website here- Fostering Consumer-Friendly Real Estate Marketplaces (nar.realtor). There is also National Association of Realtors® (realestatecommissionfacts.com), which is a resource for better understanding the basics of how compensation works.
Source: NAR
This information is provided for educational purposes only and should not be construed as legal advice or representation and should not be relied upon as such. Broward, Palm Beaches & St. Lucie Realtors® and its affiliated companies cannot provide legal advice or opine about the specifics of your situation.