FREC Sets Foreign Buyer Affidavit Workshop
On Oct. 24 at 1 p.m., FREC will focus on foreign buyer “Affidavits of Buyers of Property” and broker-held escrow deposits. The public is invited, virtually or in-person.
ORLANDO, Fla. – The Florida Real Estate Commission (FREC) announced a date for the next workshop on creating an affidavit related to SB 264, a bill passed by the 2023 Florida Legislature covering specific foreign buyers of some Florida property, Rule No.: 61J2-10.200, Oct. 24 at 1 p.m. FREC held the first workshop on Sept. 12.
The bill impacts buyers associated with a foreign country of concern – China, Russia, Iran, North Korea, Cuba, Venezuela and Syria, and sellers who knowingly sell property to these buyers. The notice published by the Florida Real Estate Commission (FREC) specifies that FREC must propose a new rule that will implement a form for a buyer’s affidavit.
The workshop was announced Oct. 6 in the Florida Register, Vol. 49, No. 195; page 3787.
Second workshop topic
In addition to the foreign-buyer affidavit discussion, FREC announced plans to cover a different topic during the same workshop: Rule: 61J2-10.032, which covers situations where a broker holds escrow.
FREC has not released details, but paragraph (c) of 61J2-10.032 will likely be discussed. It outlines steps a broker holding an escrow deposit can take in the event of a cancelled contract and one party to the contract is unresponsive.
FREC’s announcements
Department of Business and Professional Regulation
Florida Real Estate Commission
Rule No.: 61J2-10.200
Rule Title: Buyer’s Affidavits; Form
The Florida Real Estate Commission announces a workshop to which all persons are invited.
Date and Time: Tuesday, October 24, 2023, 1:00 p.m.- 5:00 p.m., ET
Place: Zora Neale Hurston Building, North Tower, Suite N901, 400 W. Robinson Street, Orlando, FL 32801
LiveStream at https://attendee.gotowebinar.com/register/2399430560657090573 or GoToWebinar App, ID 667-378-115.
General subject matter to be considered: Implementation of sections 692.205(5)(c) and 692.203(6)(c), Florida Statutes by development of the forms of Affidavits of Buyers of Property.
A copy of the agenda (and suggested affidavit language) may be obtained by contacting:
Giuvanna Corona, Executive Director
Florida Real Estate Commission
400 W. Robinson Street, #N801
Orlando, FL 32801
Giuvanna.Corona@myfloridalicense.com
Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least five days before the workshop/meeting by contacting: Division of Real Estate, (407)481-5662. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).
If any person decides to appeal any decision made by the Board with respect to any matter considered at this meeting or hearing, he/she will need to ensure that a verbatim record of the proceeding is made, which record includes the testimony and evidence from which the appeal is to be issued.
Department of Business and Professional Regulation
Florida Real Estate Commission
Rule No.: 61j2-10.032
Rule Title: Notice Requirements
The Florida Real Estate Commission announces a workshop to which all persons are invited.
Date and Time: Tuesday, October 24, 2023, 1:00 p.m.- 5:00 p.m., ET
Place: Zora Neale Hurston Building, North Tower, Suite N901, 400 W. Robinson Street, Orlando, FL 32801
LiveStream at https://attendee.gotowebinar.com/register/2399430560657090573 or GoToWebinar App, ID 667-378-115.
General subject matter to be considered: Implementation of sections 692.205(5)(c) and 692.203(6)(c), Florida Statutes by development of the forms of Affidavits of Buyers of Property.
A copy of the agenda (and suggested affidavit language) may be obtained by contacting:
Giuvanna Corona, Executive Director
Florida Real Estate Commission
400 W. Robinson Street, #N801
Orlando, FL 32801
Giuvanna.Corona@myfloridalicense.com
Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least five days before the workshop/meeting by contacting: Division of Real Estate, (407)481-5662. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).
If any person decides to appeal any decision made by the Board with respect to any matter considered at this meeting or hearing, he/she will need to ensure that a verbatim record of the proceeding is made, which record includes the testimony and evidence from which the appeal is to be issued.
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