Change to Administrative Rule:

Effective June 1, 2010 with an adoption date of June1, 2010 the Florida Real Estate Commission has amended the administrative rule regarding the time period a broker must make written request to the title company or attorney to provide written verification of receipt of the deposit.  Previously brokers were required to make the inquiry within […]

Warning: Flood ins. expires Monday

WASHINGTON – May 26, 2010 – The National Association of Realtors(NAR) hopes to see a flood insurance extension before the deadline, but a possible hiatus could threaten some scheduled closings.

The National Flood Insurance Program (NFIP) lapsed briefly earlier this year and it’s set to expire again on Monday, May 31, 2010.

Help for Neighbors

More help for hard-hit neighborhoods WASHINGTON – May 19, 2010 – The Obama Administration says it will work with Congress to find ways to help state and local governments more effectively combat the housing crisis and foreclosures through additional funding through the Neighborhood Stabilization Program (NSP) and foreclosure prevention counseling. HUD previously awarded nearly $6 […]

Website Overview

Hello folks. I’ve been slaving over a new website for the membership and I hope that you’ll be pleased with the results. I am but it is a work in progress so we’ll be adding more good stuff along the way. Click read more below to view a quick video. Any questions or if you […]

NAR Midyear Legislative Meeting

President’s Perspective I am pleased to report to our membership that the OSCAR Leadership Team comprised of myself, Tim Weisheyer (President-Elect), Carol Platt (AE), Hope Andrews (Past President) and Mike Levine (Past President), had a very productive week in Washington, DC last week.

MFRMLS’s Short Asst. Desk with Fannie Mae

My Florida Regional MLS (MFRMLS) is pleased to announce our participation in the Fannie Mae Short Sale Assistance Desk. In 2009, Fannie Mae began using data provided by MLS vendors to explore some of the challenges subscribers were facing in their short sale transactions. Based on the lessons learned from this analysis,….

MFRMLS Update –

1. Section 11 to the MFRMLS rules to read Public and additional remarks must be about the listed property or the transaction. The following items may not be placed in the public or additional remarks:

– Any reference to a lockbox agreement

– Website Link

– Contact personal or professional information about the participant or user

– User or company information

MFRMLS Chooses Instanet Solutions

FOR IMMEDIATE RELEASE

MFRMLS to provide paperless tools to over 27,000 members

ORLANDO, FL and AUSTIN, TX – May 10, 2010 – My Florida Regional MLS and Instanet Solutions announced today that they have signed a multi-year agreement that will provide all My Florida Regional MLS members with a suite of tools they can use to take their businesses paperless. The tools include online document management and storage, internet faxing services, mobile access to online documents and special brokerage tools for managing company files.

How to Help a Seller With Short Sale

There are ways to protect a seller in a short sale In response to Shannyn’s letter (http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=239238) about protecting a seller in a short sale: There are many ways to do this and, with respect, the listing agent is responsible for informing the seller of these options and making sure they are incorporated into the contract.

Here are some of the ways (anyone who has others, please share):

* Most important: Lock the buyer into a waiting period – a minimum of 90 days or, better yet, 120 days.
* Have a 30-day automatic extension if the bank needs more time to approve/close.

OSCAR Visits Fl House Rep.

A group of about 15 OSCAR Realtors just returned from a very successful trip to Tallahassee for the Great American Realtor Days. Key Contact Daisy Cid (Rep. Darren Soto) and Key Contact Cheryl Grieb (Rep. Mike Horner) together with Public Policy Chair, Tim Weisheyer,…