Category: Realtors
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HOA Estoppel Certificate Fees: Junk or Justified?
As a board certified real estate lawyer in Florida, I frequently deal with estoppel certificates, including reviewing them and ordering them from associations and their management companies. If you are unfamiliar with what an estoppel certificate is, here is a previous blog post that provides some general information. But, briefly, estoppel certificates are official statements…
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Don’t Forget to File for the Florida Homestead Tax Exemption
The statutory deadline for 2024 to file was March 1, 2024. Failure to timely file constitutes a waiver of your entitlement to the tax savings for the year. Homeowners in Florida may be entitled to a substantial tax benefit known as the Florida Homestead Tax Exemption, which is a two-pronged benefit in the form of:…
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Burnett v. National Association of Realtors – The 1.8 Billion Dollar Verdict That Could Reshape an Entire Industry
Yes… with a “B” On October 31, 2023, a federal jury in Missouri returned a verdict finding the National Association of Realtors (NAR) and several large brokerages liable for antitrust violations in a class-action lawsuit filed by home sellers. The case is Burnett et al v. The National Association of Realtors et al, U.S. District…
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Protect Your Money from Wire Fraud Schemes When Buying a Home (Video)
The American Land Title Association (“ALTA“) has created a video with four helpful tips on how you can protect your hard-earned money when dealing in wire transfers. The video also provides guidance on what to do if you have been targeted by a wire fraud attempt. Below are some helpful tips from Lakewood Ranch real…
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Homes Selling in Record Time – “Blink of An Eye” – National Association of Realtors
A recent article on REALTOR Magazine’s website reports that, according to realtor.com®’s latest Monthly Housing Trends Report, homes are selling in record time at an average of 43 days – 20 days fewer than a year ago. The article further reported that in some parts of the country listings are going from “just listed” to…
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AS-IS? As if. Florida Residential Real Estate Seller’s Property Disclosure.
On this Throwback Thursday we will look at an oldie-but-goodie opinion issued by the Florida Supreme Court. Specifically, we will look at the landmark case of Johnson v. Davis, 480 So. 2d 625 (Fla. 1986), a case which forever changed the expectations and duties placed upon sellers of residential property in Florida. Most of you…
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FAR/BAR Residential Contract and FAR/BAR “As Is” Residential Contract Revised as of June 14, 2019
The Florida Realtors / Florida Bar (“FARBAR”) Residential Contract for Sale and Purchase (5x), and the “AS IS” Residential Contract for Sale and Purchase have been updated as of June 14, 2019. The new revised versions are identifiable by “5x” and “6/19” notations, which can be found in the lower left-hand corner of each contract.…