Vacation Rentals Plans Approved for Both Sarasota & Manatee

The Department of Business & Professional Regulation has approved the plans related to the reopening of vacation rentals in Sarasota and Manatee County’s counties.

As a reminder, as part of the governor’s full phase 1 reopening of Florida that was announced last week and made official by Executive Order 2020-123, all counties may seek approval to […]

By |May 21st, 2020|Advocacy, Coronavirus|0 Comments

Task Force Makes Recommendations for Vacation Rentals

Gov. DeSantis does not have to follow his task force’s recommendations for reopening the state – but if he does, vacation rentals could return in Phase 2 with restrictions, such as renting only to Fla. residents, a 72-hour hiatus between rentals and mandatory sanitation procedures.
ORLANDO, Fla. (May 1, 2020) – Gov. Ron DeSantis created a […]

By |May 4th, 2020|Advocacy, Coronavirus|0 Comments

DeSantis Extends Vacation Rental Ban Until May

Fla.’s governor extended a previous two-week order banning vacation property rentals through April 30, 2020. It doesn’t apply to long-term rentals or hotels and resorts.
TALLAHASSEE, Fla. (April 13, 2020) – Florida Gov. Ron DeSantis has extended until April 30 an executive order that suspended rentals of vacation properties because of the COVID-19 pandemic.

Late Friday, DeSantis […]

By |April 14th, 2020|Advocacy, Coronavirus|0 Comments

IRS Extends Real Estate Investing Tax Deadlines

Both 1031-exchanges and Opportunity Zone investments have deadlines that must be met – but the IRS extended those deadlines if they occur before July 15, 2020.
WASHINGTON (April 10, 2020) – The Internal Revenue Service (IRS) has given real estate investors a break if an Opportunity Zone investment or 1031 like-kind exchange deadline already underway was […]

By |April 13th, 2020|Advocacy, Coronavirus|0 Comments

Pandemic Creates Challenges in Mortgage Loan Process

Final loan approval relies on documents and approvals from different offices, and the spread of COVID-19 has created problems – but some recent changes should help.
NEW YORK (April 6, 2020) – Final loan approval relies on documents and approvals from different offices, both private and government, and the spread of COVID-19 has created problems – […]

By |April 7th, 2020|Advocacy, Coronavirus, Member News|0 Comments

Feds Issue Paycheck Protection Program Loan Applications

Small businesses and sole proprietors can submit applications starting Friday, and independent contractors can apply starting on April 10. Employers who maintain minimum payroll levels and employees (at least 75% of their average) are eligible for loan forgiveness.
ORLANDO, Fla. – The Treasury Department released the application for the SBA 7(a) Paycheck Protection Program (PPP) loans, […]

By |April 3rd, 2020|Advocacy, Coronavirus, Member News|0 Comments

Governor Issues Statewide Stay-at-Home Order

ORLANDO, Fla. (April 1, 2020)— This afternoon, Gov. Ron DeSantis issued an executive order calling for all Floridians to stay home except to obtain essential services. This order is effective tomorrow at midnight.

Per the order, residential and commercial real estate, including settlement services, are considered essential. Although members may continue to operate, they are not […]

By |April 1st, 2020|Advocacy, Coronavirus|0 Comments

NAR Commends Protections for Realtors®, U.S. Consumers in $2 Trillion Economic Relief Bill

Click here for Coronavirus Aid Relief and Economic Security Act: Provisions for REALTORS® and their Consumers guide.

WASHINGTON (March 27, 2020) – As the House of Representatives’ voted Friday to send a historic COVID-19 relief package to President Trump, the National Association of Realtors® published a comprehensive guide to the $2 trillion, 880-page bill educating Realtors® […]

By |March 30th, 2020|Advocacy, Coronavirus|0 Comments

Gov. Ron DeSantis Suspends Vacation Rentals

ORLANDO, Fla. (March 27, 2020) – In an effort to discourage visitors to the state who may be carrying the coronavirus, Gov. Ron DeSantis announced Friday a two-week suspension of new vacation rentals (30 days or 1 calendar month, whichever is less). The order does not apply to current occupants of vacation rentals. The Executive […]

By |March 30th, 2020|Advocacy, Coronavirus, RASM News|0 Comments

FEMA Extends Grace Period for Flood Insurance Renewal Premiums

WASHINGTON (March 29, 2020) – FEMA continues to take proactive steps to address the COVID-19 pandemic. To help serve its National Flood Insurance Program (NFIP) customers who may be experiencing financial hardships, the agency is extending the grace period to renew flood insurance policies from 30 to 120 days. This extension applies to NFIP flood […]

By |March 29th, 2020|Advocacy, Coronavirus|0 Comments