You can use the Florida Realtors Legal Hotline to benefit, no matter if you are a new homebuyer or a seasoned real estate professional. Florida Realtors members can receive legal advice at no cost from attorneys. This service is available for all members, executives and officers, regardless of whether they are members or not. To get the answers you need, you can always call the hotline. You will need your Florida real-estate license number to dial the hotline. A lawyer will be available to provide more information about licensing or other real estate issues.
The Legal Hotline provides legal news and updates about issues that impact the real estate industry. You will find articles on a number of subjects such as contract disputes, landlord/tenant problems, and licensing. You will be referred to an attorney if you require immediate assistance. The attorney will refer you to a social service provider that can help you with urgent food, shelter, or prescription drugs.
The Legal Hotline is also staffed by attorneys from the Community Legal Services of Mid-Florida (CLSMF). This organization provides holistic counseling to low-income residents in Central Florida. CLSMF HELPline attorneys are available to assist with local housing resources and prescription drug programs. They also provide immediate legal services.
The Florida REALTORS (r) News magazine contains a wealth information and legal tips. Every issue is distributed five days per week to keep real estate professionals informed about the latest market trends. You can change the look and language of the content that you receive. In addition, you can get a free PDF infographic to promote your business on your website. MLSAdvantage lets you share your listings with Florida Realtors members.
You can also contact the Florida Realtors Legal Hotline by email. You can reach the hotline to ask a question and get a call back. To qualify, you will need your license number and the name your local association. The attorneys will address seven common questions regarding your real estate license. Your local association will be referred if you have additional questions. However, depending on your specific circumstances, an attorney might not be able address your concerns.
The Legal Action Fund of Florida REALTORS assists individuals involved in litigation. The Legal Action Fund Committee is responsible for administering the guidelines and procedures that are used to manage cases. The funds are open to members and local Realtor Boards. The Legal Hotline is a free service, but the funds are limited. The Legal Action Fund has strict guidelines regarding how to file a case. All cases filed with the Legal Action Fund must be based on legal points and not on factual issues.
To reach key figures in Tallahassee, contact the Florida Realtors Political Action Committee. The Legal Action Fund is a joint organization with the Political Action Committee. They work together to advocate for real estate professionals and elect REALTOR CHAMPIONS. In fact, Florida Realtors Political Action Committee assisted in winning sales tax reductions on Commissions and stabilizing flood insurance to real estate professionals.
FAQ
What is a Reverse Mortgage?
Reverse mortgages are a way to borrow funds from your home, without having any equity. It allows you to borrow money from your home while still living in it. There are two types: conventional and government-insured (FHA). A conventional reverse mortgage requires that you repay the entire amount borrowed, plus an origination fee. FHA insurance covers the repayment.
What should you look for in an agent who is a mortgage lender?
A mortgage broker is someone who helps people who are not eligible for traditional loans. They look through different lenders to find the best deal. This service may be charged by some brokers. Others offer free services.
How long does it take for a mortgage to be approved?
It is dependent on many factors, such as your credit score and income level. It typically takes 30 days for a mortgage to be approved.
Is it possible to get a second mortgage?
Yes. But it's wise to talk to a professional before making a decision about whether or not you want one. A second mortgage is used to consolidate or fund home improvements.
Statistics
- Over the past year, mortgage rates have hovered between 3.9 and 4.5 percent—a less significant increase. (fortunebuilders.com)
- 10 years ago, homeownership was nearly 70%. (fortunebuilders.com)
- The FHA sets its desirable debt-to-income ratio at 43%. (fortunebuilders.com)
- This seems to be a more popular trend as the U.S. Census Bureau reports the homeownership rate was around 65% last year. (fortunebuilders.com)
- It's possible to get approved for an FHA loan with a credit score as low as 580 and a down payment of 3.5% or a credit score as low as 500 and a 10% down payment.5 Specialty mortgage loans are loans that don't fit into the conventional or FHA loan categories. (investopedia.com)
External Links
How To
How to Find Houses to Rent
People who are looking to move to new areas will find it difficult to find houses to rent. It can be difficult to find the right home. When choosing a house, there are many factors that will influence your decision making process. These include location, size, number of rooms, amenities, price range, etc.
To make sure you get the best possible deal, we recommend that you start looking for properties early. You should also consider asking friends, family members, landlords, real estate agents, and property managers for recommendations. This way, you'll have plenty of options to choose from.