Verbal agreement needs to be sealed in writing (6/30/2016)
Real estate Q&A: My brother and I help pay for our parents’ condo that they’ll leave to us after they die. They say it’s “taken care of,” but should we do more?
Supreme Court to decide whether city of Miami can sue big banks over predatory lending (6/29/2016)
The U.S. Supreme Court announced it will hear the city’s case in 2017, though it will decide whether the lawsuit can go forward at all, not the actual outcome.
Hire inspector even for a newly built home (6/24/2016)
Real estate Q&A: What can a buyer do if a builder refuses to make repairs on items that are identified before the closing on the house under construction?
Commercial drone use set to take flight with release of FAA rule (6/22/2016)
Just-released FAA rules create a clearer way for real estate pros to use drones for commercial purposes - “a win for the industry,” says NAR Pres. Tom Salomone.
Supreme Court asked to hear homestead exemption dispute (6/21/2016)
A Broward County woman’s attorneys are asking the Fla. Supreme Court to take up a case that involves a married couple having homestead tax exemptions in 2 states.
HOA can’t just start enforcing waived rules (6/16/2016)
Real estate Q&A: For over 20 years, condo owners landscaped around their front doors even though the rulebook didn’t allow it. Can that rule suddenly be enforced?
Unpaid HOA assessment can lead to foreclosure (6/9/2016)
Real estate Q&A: What can happen if several homeowners in an HOA don’t agree with a special assessment and refuse to pay it?
Building laws go into effect July 1 (6/7/2016)
Fla. bills effective July 1 revise some rules in Fla.’s building code, regulate private-residence elevators and authorize officials to create fumigation rules.
Can HOA step in if landscaping not up to par? (6/2/2016)
Real estate Q&A: Can a homeowners association landscape a house and charge the owner for it? Can it spray inside a condo for pests without permission?
Supreme Court sides with owners in wetlands case (6/1/2016)
The U.S. Supreme Court ruled Tue. that property owners can file a lawsuit against the U.S. Army Corp of Engineers if they disagree with its land-use decisions.
Landlord may be liable for damage but not hotel (5/26/2016)
Real estate Q&A: A water heater broke once and a technician says it needs replaced, but the landlord won’t do it. Does the renter have any protection?
Tampa family’s home sold without their knowledge (2/19/2016)
The couple put $80,000 down on a home in 2013 and kept up with mortgage payments, but one day a foreclosure notice was taped to their front door.
DFS clarifies title insurance ruling (2/11/2016)
Florida Realtors received an update on a ruling this week regarding payment of estoppel certificate fees.
FORM UPDATE: Feb. 15 release date for FIRPTA changes (2/4/2016)
Forms will reflect recent FIRPTA changes on Feb. 15
IRS withholding rules under the Foreign Investment in Real Property Tax Act have changed, including a higher 15% for some properties. Click below to preview the forms (changes are in red):
Seattle court unseals evidence in Move v. Zillow (1/26/2016)
NAR: The realtor.com oversight company says departing execs stole confidential info. Zillow denies it. Just-released docs, including texts, depositions and to-do lists, shed some light on the proceedings.
Fla.’s RE referral rules official: Effective Feb. 9 (1/22/2016)
What type of title company referral isn’t allowed? Fla. attempts to answer that question with a set of guidelines that officials approved this week.
Drone suit considers issues of trespassing, privacy (1/19/2016)
In Kentucky, a homeowner shot down a drone and the drone owner sued. Courts must now consider drone use rights and responsibilities for the first time.
Foreign sellers? FIRPTA withholding increases to 15% (1/19/2016)
On Feb. 17, taxes paid by foreign sellers of U.S. property will increase from 10% to 15% in some transactions.
Real estate Q&A: When the home doesn’t appraise (1/14/2016)
A buyer with a signed contract found out that his bank won’t loan the full amount needed after an appraisal comes in short. What are his options?
What is a title company referral? Fla. creates rules (1/14/2016)
The Dept. of Financial Services created a roster of banned activities it considers a title company referral, such as listing ads or sponsoring an open house.
Luxury buyers will lose their anonymity (1/13/2016)
The U.S. will soon demand the names of luxury cash buyers starting in Miami and New York City. Shell companies must specify ownership and “nominees” don’t count.
Fla. man faces up to 5 years for HUD mortgage fraud (1/13/2016)
U.S. Attorney A. Lee Bentley III said that Jason Pond of Spring Hill pleaded guilty to making false statements in a HUD loan application he submitted.
‘Life estate’ sale allows ex-owner to remain in home (1/13/2016)
The Playboy Mansion is for sale but with a “life estate” that allows Huge Hefner to live there until death – a legal move that impacts a home’s selling value.
Realtor association arbitration award affirmed (1/12/2016)
NAR’s arbitration process is legally sound, according to Maine’s superior court – and it’s not easy to change an arbitration decision after the fact.
Sending safety alerts? There’s a legal risk (1/11/2016)
NAR says some associations and brokers that issued alerts were later sued for defamation of character, interference with a sale or violating the Fair Housing Act.
A residential contract rider changing (11/22/2011)
Comprehensive Rider C (Seller Financing) to the Residential Contract For Sale and Purchase changes slightly on Nov. 29.
Florida Realtors adds or updates forms (3/16/2011)
Four are new; three are updated; one is DBPR, and all are now available through Form Simplicity and other vendors.