Highlights from the Miami-Dade County Member Mixer with Bank of the Ozarks on October 26, 2016.

Highlights from the 26th Annual Real Estate Legal Summit

Hosted by CFREAC and the Orlando Regional Realtor® Association held on September 8th, 2016 in Orlando

Message from the Board.

On May 5th, Florida ARECS held its first ever Leadership Forum preceding the start of Fund Assembly. Sixteen of the twenty RECS sent more than thirty representatives to discuss the challenges and opportunities in developing new and evolving leadership. Florida ARECS Board Members,with the help of the Fund leadership and several of the MAE’s, facilitated the discussions with amazing current leaders and leaders-to-be to address Leadership Development and Governance.

CFREAC Donates 2700 Toys to Toys for Tots

On December 3, the Central Florida Real Estate Attorneys’ Council (CFREAC) presented the U.S. Marine Corps with 2700 toys.

Latest REC News

The Attorneys’ Real Estate Council of Miami-Dade County (aka South Miami-Dade) recently welcomed new President Ivette Rodriguez of Coral Gables.

Florida Realtor®-Attorney Joint Committee

We would also like to take this opportunity to recognize REC member attorneys who have been appointed to the Florida Realtor®-Attorney Joint Committee.

Florida ARECS and Florida Realtors® – Working Together

On November 3rd Margy Grant, Vice President/General Counsel of Law and Policy for Florida Realtors® sent an email to all their local associations containing the following about Florida ARECS.

Resource Feature

Have you seen the redesigned Real Estate Professionals page? This new page is designed to educate real estate agents on the benefits of involving a real estate attorney in their transactions while providing them valuable resources at the same time.

Message from the Board.

Florida ARECS was created to support and promote real estate attorneys and our board is committed to delivering tangible solutions for our Strategic Priorities:

Don't Miss BAREC's Upcoming Seminar in Your Area

Dec 2nd - TRID is Here. Now What? presented by Margaret Atkins Thumberg, Esq., Fund Senior Underwriting Counsel & Legal and Branch Education Manager. What can real estate licensees do to assist their clients in making their next home sale or purchase run smoothly in this new regulatory environment?

Message from the Board.

On August 25th and 26th, Florida ARECS hosted a booth at the 2016 Florida Realtors® Convention and Trade Show. The Florida ARECS Board of Directors has worked tirelessly to establish a relationship with Florida Realtors® and our participation in their convention was an extension of that effort. Fourteen volunteers representing Florida ARECS and seven local RECS descended on Orlando to share our message with the more than 3,000 real estate agents attending this year’s event.

Message from the Board. It has been a very busy time at Florida ARECS!

First, we welcomed a brand new REC to our coalition.

The Historic Coast Real Estate Council will serve real estate attorneys located in St. Johns and Flagler counties.

25th Annual Law Symposium a Huge Success!

By: Rene’ Rutan, REC Relations Manager, Attorneys Title Fund Services, LLC.

For the 25th year in a row the Central Florida Real Estate Attorneys Council (CFREAC) and Orlando Regional Realtor® Association teamed up to present their annual Law Symposium.

Florida Realtors® Marketing Opportunities for RECs

Florida ARECS continues to work with Florida Realtors® to build awareness of the RECs and the value their attorney members bring to real estate transactions. So we are pleased to offer two new opportunities for REC member attorneys to promote themselves and their RECs.

FIRPTA Withholding Rate to Increase to 15%

Recent federal tax legislation increases the FIRPTA general withholding rate from 10% to 15% effective for closings on or after February 16, 2016. Closing agents should adjust their procedures and forms to reflect this change. (If you want a reference, it is H. R. 2029, now known as Public Law 114-113. See Section 324 for text of changes).

CFPB Rules and FR/BAR Changes

By: Rene’ Rutan, REC Relations Manager, Attorneys Title Fund Services, LLC.

The real estate settlement industry has been in overdrive preparing for the October 3rd implementation of the CFPB’s new TILA-RESPA Integrated Disclosures Rule (TRID) but have you considered how the process changes contemplated will affect your use of the Florida Realtors® – Florida Bar Residential Sales Contract (FR/BAR)?