Archive for the Real Estate Laws & Regulations Category

1031 Exchange- What you Need to Know

Many tax experts may be able to recite the Internal Revenue Code Sections, but most people are not tuned in to the complexities and opportunities available with tax laws.. Section “1031” is slowly making its way into day to day real estate conversation. Among REALTORS®, title companies, inventors […]

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Buying or Selling to or From a Foreign Citizen?

IRS withholding amounts under FIRPTA ( Foreign Investment in Real Estate Property Tax Act) have increased. If a seller of United States real  property is a “foreign person” as defined by FIRPTA, the IRS requires the buyers of the property to withhold up to 15% of the amount realized […]

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Great News on Flood Insurance

NO SHARP PRICE INCREASES FOR FLOOD INSURANCE Senate passed The Homeowner Flood Insurance Affordability Act by vote of 72-22 Over the past year, many flood-zone neighborhood homeowners were alarmed with a pending bill that would substantially increase their insurance costs. The legislation that passed last week reverses […]

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