Our Major Investors help give the real estate industry a strong voice. The Florida REALTORS® Political Action Committee (PAC) Major Investors are industry professionals whose goal is to promote homeownership for all and to protect Realtors from burdensome regulations. They know what it takes to get results that will help their bottom line, their industry, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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) [...]
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 [...]
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 [...]
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 [...]