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Category Archives: Florida Realtors

No Buyer Deposit = No Contract, Right?

Florida RealtorsBy September 28, 2022

What if a buyer and seller sign a contract but the buyer fails to submit the agreed-upon deposit?  Some Realtors think the seller is then free to relist the property – but if they call the Legal Hotline to confirm it, they find the issue isn’t quite that simple.

Background and Credit Checks May Lead to Lawsuits

Florida RealtorsBy September 28, 2022

Property managers and other real estate professionals should follow these steps to stay in compliance with federal and state consumer data regulations.

Hurricanes, Transactions and Contract Clauses

Florida RealtorsBy September 27, 2022

The Florida Realtors/Florida Bar contract has clauses that deal with casualty and bad-weather events. Here are the top four in the AS IS contract.

New-Home Sales Surged 28.8% Higher in Aug.

Florida RealtorsBy September 27, 2022

NAHB credits a short-term decline in mortgage rates (to 5.3%) as a reason for the uptick, with new-home inventory remaining at an elevated 8.1-months’ supply.

Consumer Confidence Up, Second Month in a Row

Florida RealtorsBy September 27, 2022

The Conference Board credits “jobs, wages and declining gas prices” for the 4.4-point Sept. rise. Both current outlooks and future expectations increased.

Case-Shiller Home Prices: ‘Forceful Deceleration’

Florida RealtorsBy September 27, 2022

The national Home Price index reported a 15.8% annual gain in July, down from 18.1% in June – the largest price deceleration in the history of the index.

Sixth Fla. Property Insurer Declared Insolvent

Florida RealtorsBy September 26, 2022

FedNat Insurance Co. cancelled 56.5K policies in May and agreed to transfer 83K in June, but it doesn’t have enough funds to process its existing claims.

2 Fed Officials: We Can Still Avoid a Recession

Florida RealtorsBy September 26, 2022

Boston Fed official acknowledged “apprehension about the possibility of a significant downturn,” but says “a more modest slowdown, while challenging, is achievable.”

Don’t Install Solar Panels on Older Roofs

Florida RealtorsBy September 26, 2022

A new law offers significant savings to homeowners who opt for solar roof panels within the next 10 years – but also expensive problems if an old roof needs replaced soon.

At What Point Do You Put Up Hurricane Shutters?

Florida RealtorsBy September 26, 2022

Shutters take time to put up and make homes feel like caves – but waiting too long is a mistake. Expert advice: Start once the NHC declares an area hurricane watch.

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