The Florida Real Estate Commission has proposed wording for a new rule that includes affidavit forms that buyers must sign at closing.
In a nutshell: Unless a contract states that a copy of an escrow deposit must be sent to the seller, a buyer or their agent has no legal obligation to do so.
It isn’t always a simple answer. A contract may offer advice, but buyers can sue for “specific performance.” And it’s not just the house – agents representing the buyer and/or seller may also deserve compensation.
A Realtor sold personal property outside her brokerage as a FSBO (for sale by owner). After the sale, though, the buyer filed a complaint and she was found in violation of Article 12. If it’s a FSBO sale, how is that a violation?
4 out of 5 RE investors and developers plan to boost their tech budget over the next three years because major complicated decisions increasingly require new tech.
If a seller’s home has solar panels, they should research how those panels could impact their transaction before going under contract.
Forged deeds, driver’s licenses, titles, etc., continue to grow as real estate-theft scams, in part because the tactic often works and, when it does, nets a criminal hundreds or thousands of dollars in fake real estate sales. They even have a name now: Title Pirates.
While the Fed held interest rates steady at its meeting on Wed., the inflation fight continues. Consumers keep spending, the primary driver of higher prices.
Four private insurance companies received state approval to move policies, though the actual number will likely be lower. Slide will take the most – up to 75K.
A 143-page Executive Order gives departments a timeline to create AI rules. HUD and CFPB, for example, have 180 days to focus on Fair Housing Act discrimination.
