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Florida Realtors®, formerly known as the Florida Association of Realtors®, serves as The Voice for Real Estate® in Florida. It provides programs, services, continuing education, research and legislative representation to its 115,000 members in 67 boards/associations.
Updated: 8 hours 19 min ago

1 in 3 First-Time Buyers Turn to Their Family for Help

Thu, 01/30/2020 - 04:01
And 1 in 4 skips the in-between step of renting by living at home. They not only save money but are under less pressure to move quickly in a tight-inventory market.

Ransomware Scams Take Aim at Smaller Companies

Thu, 01/30/2020 - 04:01
Thousands of ransomware attacks – a computer freeze with a “ransom” demand – occur daily, and black-market software helps smaller criminals target smaller companies.

Even the British Like Fla.’s ‘New Urbanist’ Towns

Thu, 01/30/2020 - 04:01
Three cities designed for walkability – including Seaside used in “The Truman Show” movie – caught Prince Charles’ eye and have sister-cities developed in the U.K.

Fed Keeps Rates Unchanged After Three Cuts Last Year

Thu, 01/30/2020 - 04:01
The Federal Reserve held interest rates steady Wed., following through on its vow late last year to stand pat barring a “material” change in its outlook.

Mortgage Rates Hit Second-Lowest Level in 3 Years

Thu, 01/30/2020 - 04:01
The 30-year FRM averaged 3.51% this week in Freddie Mac’s survey, down from last week’s 3.60%. The 15-year FRM average dropped to 3.0%.

Fla.’s House and Senate at Odds Over Affordable Housing Money

Thu, 01/30/2020 - 04:01
While Gov. DeSantis and the Fla. Senate support using all money in the state’s affordable housing trust fund for its intended purpose, the House budget recommends sweeping $240M for other needs – but things change as the Legislature reconciles their differences.

You Could Be Sending Illegal Robocalls and Not Know It

Thu, 01/30/2020 - 03:01
Federal concern is growing as are the fines for noncompliance. If you send 50 texts simultaneously via computer, you likely broke the law, leaving you and your broker exposed to monetary demands up to $500K from lawyers threatening a class-action lawsuit.

Q&A: Can a Condo Board Make Renters Pay a Deposit?

Thu, 01/30/2020 - 03:01
While a condo board doesn’t own individual units, it can require renters to pay a security deposit in some cases. Also: A condo lobby and amenities need renovations, and owners are worried about repayment options. What’s the best way to finance an upgrade?

Dear Anne: What About Commissions for Licensee Buyers?

Thu, 01/30/2020 - 03:01
Last month, Anne said that anyone licensed in Florida can buy or sell real estate statewide. But if a real estate agent in Pensacola wants to buy a condo in Key West, do they earn the commission listed for buyers’ agents in the MLS?

How Can I Show a Home if the Tenant Won’t Let Me In?

Thu, 01/30/2020 - 03:01
Under Fla. law, a tenant cannot “unreasonably withhold consent” if a landlord wants to show the property to a potential buyer or upcoming renter. But “unreasonably” isn’t a clear-cut definition, and the Legal Hotline gets a lot of calls from both renters’ and owners’ agents.

Pay Attention to Capitalized Words in Contracts

Thu, 01/30/2020 - 03:01
Forget the dictionary. If you encounter a capitalized word in a contract, don’t assume you know what it means. Try to find the place in the contract (the “Contract”) that precisely defines the word’s meaning when used in this specific transaction.

Real Estate Crowdfunding Projected to Hit $869M by 2027

Wed, 01/29/2020 - 04:01
The newer internet-enabled type of investing continues to expand. One crowdfunding firm says it has a hand in 200 Fla. properties with an average 55 investors each.

NAR: Pending Home Sales Down 4.9% in December

Wed, 01/29/2020 - 04:01
U.S. pending sales dipped from Nov.’s level, with low inventory continuing as a concern, says NAR chief economist. But year-to-year contract signings were up 4.6%.

IRS: New Residents Add $16B in Fla. Personal Income

Wed, 01/29/2020 - 04:01
When the IRS compared address changes to income, it found Fla. personal income increases from new out-of-state Floridians 3% higher year-to-year in 2018.

Canadian Broker Caught Faking Glowing Online Reviews

Wed, 01/29/2020 - 04:01
Faking positive reviews can backfire if you get caught. Purplebricks Canada issued an apology for offering employees paid days off for glowing online reviews.

HUD Issues Assistance Animal ‘Reasonable Accommodations’ Guidance

Wed, 01/29/2020 - 04:01
The new guidance was created in response to ambiguity about proper documentation for assistance animals. The goal is to make sure qualified disabled people can secure housing with an assistance animal even when “a small minority seeks to exploit weaknesses in the system.”

Have An Open Like-Kind Exchange? Get a Tax Extension

Wed, 01/29/2020 - 04:01
If using a 1031 exchange in the fourth quarter of a year, a seller might not have the full 180 days to reinvest if they don’t request an IRS income-tax extension.

Home Price Gains Accelerate Amid Smaller Supply of Homes

Tue, 01/28/2020 - 04:01
S&P CoreLogic Case-Shiller: The 20-city home price index rose 2.6% year-to-year in Nov. – an increase from the 2.2% year-to-year recorded in Oct.

RE Q&A: What If a Home’s ‘Owner’ Isn’t on the Deed?

Tue, 01/28/2020 - 04:01
Family supports family, and a post-divorced woman with poor credit bought a house by putting her mother’s name on the deed. Now her mother is sick. What happens next?

Consumer Confidence Rises Again in Jan.

Tue, 01/28/2020 - 04:01
The index tracking attitudes about the current economy rose the most, from 170.5 to 175.3. But the longer-term outlook also rose to 102.5 from last month’s 100.0.