This course discusses
- Changes in how FIRPTA is collected and remitted
- Changes to Florida Realtor FLorida Bar contract
- How changes effect title agencies
- Terms associated with FIRPTA
- Who is liable for FIRPTA Tax
- When to Remit
The course is presented by
Lisa Delvecchio, Esquire
Florida Underwriting Counsel
Stewart Title Guaranty Company
This course discusses business ethics in general giving examples of companies in the news who exemplify both good and poor ethical choices. More specifically it discusses ethical issues that title agents face on a regular basis. Including the ethical handling of a closing, the correction of documents, fiduciary responsibilities and document fraud.
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The course is presented by Lisa Delvecchio, Florida Underwriting Counsel.
Lisa has recently joined Stewart Title Guaranty Company as Florida Underwriting Counsel. Prior to coming to Stewart, Lisa was with a large national title company as Southeast United States General Counsel providing legal guidance to management, and the company’s team players and branches on a wide range of real estate and transactional matters. She also oversaw the Florida Commercial Division and Operation Support Department. Lisa was in private practice for 10 years and concentrated in civil litigation, including the defense of claims involving business and real estate matters prior to her previous employment. She also practiced as title agent handling commercial and residential real estate transactions in the State of Florida.
Lisa earned her Bachelor of Science degree in Health Information Management from the University of Central Florida. Lisa is a cum laude graduate of the Stetson University School of Law.
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This course discusses the basics of Florida Construction Lien Law and the company’s underwriting guidelines. You will learn about:
- Notice of Commencement
- Notice of Termination
- Claims of Lien
- Tranwsfer of Liens to Bonds
- Priority of Contract
- General and Sub Contractors
Presenter: Barry Scholnik
Vice President / Florida Underwriting Counsel
A title industry veteran with more than 30 years of experience, Barry serves as vice president, underwriting counsel. After earning his B.A. from Emory University and his J.D. from the University of Miami, he managed a title company in Palm Beach County and served as underwriting counsel for two national title insurance underwriters. Barry joined Stewart Title Guaranty Company in 1995 as state counsel for Florida and the U.S. Virgin Islands before taking his current position.
Barry is admitted to the Florida Bar and belongs to the organization’s Title Insurance Committee and Real Property, Probate & Trust Law Section. He is a past president of the Florida Land Title Association (FLTA) and a former chairperson of the FLTA Insurers section. In 2011, he was honored by the FLTA with the annual Raymond O. Denham Memorial Award.
Housing continues to take shape, various hurdles remain: MBA | HousingWire.
This article bemoans the fact that there is “an absence of leadership in regards to the future of the government-sponsored enterprises and government reform.” I’m not sure that a lack of government involvement isn’t a good thing.
Learntitle’s Rate Manual Course has been updated to include changes made to the manual the first of April of this year. Don’t wait until your license is about to expire before taking all your CE credits. Enroll in this one today, get 3 credits and keep up to date on the rates.
Full article here . . .
The number of recording jurisdictions that are electronically recording (e-recording) documents reached the 900 mark in April, according to Kay Wrucke, recorder, Martin County, Minn., and president of the Property Records Industry Association (PRIA).
“This milestone is particularly meaningful because ‘900’ represents approximately 25 percent of the total number of recording jurisdictions in the country,” Wrucke said.
According to PRIA’s tracking system, it took from the late 1990s until August 2006 to reach the 200 eRecording counties mark. More than 1,000 counties are expected to be electronically recording documents by the end of 2013.
“Between June 2012 and April 2013, the number of counties committing to the eRecording process increased by 9 percent,” said Washoe County (Nev.) Recorder and PRIA Technology Committee Co-chair, Larry Burtness. “As the PRIA eRecording standards continue to mature, the number of counties leveraging this technology continues to expand.”
Full article here . . .
Chief Economist at Stewart Title says the recession is over. Good to hear.
From Ted Jones at Stewart blogs
While there are several definitions of a recession (a period of several months in which economic activity declines), I define a recession as an extended period when the country has job losses. Jobs are everything to the economy. Period. And when it comes to housing, other than retirees (which I call blue hairs, gray hairs and no hairs), very few people buy a home without a job. And I have gray hair, so my term is not derogatory. Retirement for me is hopefully a decade off.
The GREAT news is that, in the prior 12 months, from the end of January 2012 to the end of January 2013, not one state lost jobs. And I define losing jobs as more than 500 net job losses since I do not believe that the resolution of counting jobs is that precise. This now makes nine times in the past 17 months that no state lost jobs, assuming that 500 number. Hence a genuine trend.
Sales of previously owned homes reached an annual rate of nearly 5 million in February, the strongest pace in more than three years.
The report Thursday from the National Association of Realtors was the latest sign of a housing recovery that has become a major positive force for the economy.
This article is a good summary what you need to ask yourself if there is a chance of a RESPA violation. The article comes from Raealtor Mag
A home sale cannot be conditioned on the use of a specific title insurance company. Violators can face stiff penalties.
It’s not unusual for a listing agent to have a favorite closing agent and want the buyer to close the transaction using that agent, along with the agent’s title insurance and settlement services. What many practitioners don’t realize, however, is that Section 9 of the Real Estate Settlement Procedures Act prohibits sellers from conditioning the home sale on the use of a specific title insurance company, and in fact violators can be subject to penalties, with the most -typical being a fine of up to three times the amount of the title insurance fee.