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 [...]
By emergency rule, FREC approved video conferencing of in-person courses so members may fulfill biennial license requirements, including ones for post- and pre-licensure. ORLANDO, Fla. (April 7, 2020) – Coming soon to a computer near you: Live streaming of continuing education (CE) courses you would normally take in the classroom. Courses may be offered via [...]
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) [...]
Group will fund two months of telemedicine for members who lack access to service CHICAGO (April 2, 2020) – The National Association of Realtors® announced Thursday that it will be expanding access to Members TeleHealthSM at no cost to its members for those who register before April 15. The program comes as part of NAR’s [...]
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 [...]
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 [...]
TALLAHASSEE, Fla. (March 26) - On Monday, March 16, 2020, Governor Ron DeSantis directed the Department of Revenue to provide flexibility on tax due dates to assist those adversely affected by COVID-19. Today, Department of Revenue Executive Director Jim Zingale issued an emergency order to extend the final due date for property tax payments for [...]