News & Resources

UPDATE:  On March 11, 2024, the U.S. Justice Department, on behalf of the Department of Treasury filed a Notice of Appeal in response to the Alabama District Court decision declaring the Corporate Transparency Act unconstitutional. After the filing, FinCEN  set forth the following statement: While this litigation is ongoing, FinCEN will continue to implement the Corporate Transparency Act as required by Congress, […]

In the aftermath of the recent Federal Court ruling that held the National Association of Realtors and large residential brokerages liable for approximately $1.8 billion in damages after finding that they conspired to keep residential commissions artificially high, questions as to how, moving forward, commissions for buyer and seller Realtors will be structured remain. Currently, sellers pay their Realtor’s commission, […]

In its efforts to further curb money laundering in the United States, the Financial Crimes Enforcement Network (“FinCen”) of the U.S. Treasury Department has proposed a rule that would require real estate professionals involved in closings to disclose the names of people behind anonymous limited liability companies and trusts involved in all cash residential property transactions, regardless of price. This […]

Now that we are into the New Year and the dust is beginning to settle, it is becoming apparent that residential real estate prices reached their peak late last year. In fact, now we are experiencing housing prices decline in many residential real estate markets in South Florida. The real culprit for prices not lowering quicker is the fact that […]