New FinCEN Rule May Affect Your Real Estate Transactions: What REALTORS® Should Know
A new federal rule issued by the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) will impact certain residential real estate transactions starting March 1, 2026.
Florida Realtors® Rolls Out New, Updated Forms
The new and updated listing, leasing and compensation forms reflect MLS policy changes, current laws and local requirements, with older versions retired and replaced.
Congratulations to Our Honor Society, Class of 2024
Each year, the RWorld Honor Society proudly recognizes members who exemplify exceptional involvement and leadership within our local organization.
Mid-2025 Condominium Update
In this Mid-2025 update, Richard Swank, Associate General Counsel for Florida Realtors®, outlines recent legislative and form changes affecting condominium transactions in Florida.
Effective July 1st: Realtor® Supported Condo Bill
A condo-related law supported by Florida Realtors® takes effect July 1. It improves condo document transparency and extends certain deadlines.
New Cryptocurrency Scam
The hottest topic in Broker Risk Reduction is a new cryptocurrency scam targeting real estate professionals. The Secret Service reached out to NAR last week to alert us to this scam in which some agents have lost significant sums, including their entire retirement accounts.
Corporate Transparency Act Back in Effect. Deadline to Report Is March 21, 2025 for Most
Last week, a federal court lifted the nationwide preliminary injunction that had been preventing FinCEN from enforcing the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting requirements.
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.
Port St. Lucie Ranks Third for First-Time Home Buyers
The real estate market is abuzz with discussions surrounding location, and affordability for first-time homebuyers. WalletHub states that Port St. Lucie stands out as the third-best location for first-time homebuyers, boasting the second-highest Millennial homeownership rate in the country at 64%.
Positive News on Florida’s Property Insurance
Homeowners in every state have always dealt with home insurance policies, but Florida especially has been tackling costs and insurers for a long time. The good news is that new programs and insurance are rising to help businesses and homeowners thrive.
Mortgage Applications Rise Amid Lower Interest Rates
As the year progresses, positive news has emerged in the real estate market, indicating that interest rates have reached their lowest levels in over a year. With interest rates declining, statistics show that homeowners are seizing the opportunity to refinance their home loans, leading to a rise in mortgage applications.