Samantha Minns Samantha Minns

New Florida Flood Disclosure Requirements Coming

Starting October 1, 2024, there is a new flood disclosure requirement in Florida. Florida Statute 689.302 requires a seller to complete and provide a flood disclosure to a buyer of residential real property. This disclosure must be done at or before the time of a contract being executed.

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Samantha Minns Samantha Minns

Understanding the FTC’s Guidance on Using Endorsements and Testimonials

In the ever-evolving landscape of real estate marketing, transparency and authenticity are paramount. The Federal Trade Commission (FTC) plays a crucial role in ensuring fair business practices and consumer protection. For the real estate industry, the FTC's Endorsement Guidelines hold significant importance, particularly in navigating the use of endorsements, testimonials, and reviews.

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Realtor.com Anthony Acevedo Realtor.com Anthony Acevedo

FREC’s Foreign Buyer Workshop & Sitzer/Burnett Trial Updates

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.

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Anthony Acevedo Anthony Acevedo

COURT DISMISSES REX ANTITRUST CLAIMS AGAINST NAR & ZILLOW

A U.S. District Court Judge dismissed REX’s antitrust claims against NAR and Zillow with prejudice on Wednesday after finding that REX didn’t adequately make its case that both entities conspired to steer buyers away from non-NAR-connected listings on Zillow’s website. 

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Anthony Acevedo Anthony Acevedo

Recent Law Changes in Real Estate

There have been numerous recent law changes and updates affecting the real estate industry. This article summarizes some of the top key changes to help keep you informed.

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Anthony Acevedo Anthony Acevedo

New Law Regarding the Interests of Foreign Countries

Governor Ron DeSantis signed Senate Bill 264, Interests of Foreign Countries, effective July 1, 2023. The law, in part, limits and regulates the sale, purchase and ownership of certain properties in Florida by foreign principals, persons and entities described in Part III of Chapter 692, Florida Statutes.

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Anthony Acevedo Anthony Acevedo

The Fair Housing Act: Exemptions for Older Persons

The Fair Housing Act (FHA) was enacted in 1968 to protect individuals from housing discrimination based on race, color, national origin, religion, sex, familial status, and disability. However, there are certain exemptions under the law. One such exemption is “housing for older persons.”

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Anthony Acevedo Anthony Acevedo

Florida Realtors’ Riders Being Revised

The condominium and cooperative riders will be updated on March 20 due to changes in law. The revisions are limited and address new documents buyers of certain condominiums and cooperatives are entitled to receive from sellers.

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Anthony Acevedo Anthony Acevedo

Senate Bill 4D and its Implications for Condominiums

As a result of the Surfside condominium building collapse, the Florida Senate recently passed Bill 4D to protect condominium residents and ensure structural integrity of their homes. The bill requires mandatory milestone structural inspections and structural integrity reserve studies.

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Anthony Acevedo Anthony Acevedo

Beware of Testers & Know Fair Housing Laws

There has been a recent wave of lawsuits filed against Realtors® by “testers,” which are groups that call Realtors® just to see if the Realtor® will violate a provision of the Fair Housing Act (FHA), even though the tester has no relationship with the Realtor® and is not interested in buying or renting the listed property. Courts have found that these testers have standing to sue as they have suffered injury.

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Anthony Acevedo Anthony Acevedo

Phone Scams Down, Text Scams Up

Federal efforts have decreased the number of phone scams, but criminals focus now on text scams. The 1B spam texts sent in July 2021 increased to 12B this June.

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Anthony Acevedo Anthony Acevedo

Realtors® Celebrate Fair Housing Month

This April, Realtors® celebrate the 54th anniversary of the Fair Housing Act with special events that symbolize their recommitment to expanding equal access to housing.

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