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TAM: What Realtors Must Know About FIRPTA
Location: 
TAM - Tamarac Location: 5850 Hiatus Road Unit #A, Tamarac
5850 Hiatus Road
Tamarac
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5850 Hiatus Road, Tamarac
Under FIRPTA, anyone buying or receiving a U.S. property from a foreigner – be it a foreign individual or a foreign business entity – is required to retain a certain percentage of the funds from the sale to be collected as a tax withholding. If the Seller is not a “U.S. Person”, then the Buyer may have to withhold up to 15% of the gross sale price at closing. Although the taxable gain of a transaction is earned by and thus taxable to the foreign seller, the buyer is held liable for the tax if it is not paid by the foreign seller. Topics we will cover include:

✓ FIRPTA Procedures and Terms of Use
✓ Rates of Withholding
✓ The FIRPTA Withholding Certificate
✓ Exceptions to FIRPTA
✓ Who is a Non-U.S. Person Subject to FIRPTA
✓ Buyer’s Duties & Liabilities
✓ Realtor’s Duties & Liabilities
✓ Policy and Political Factors behind FIRPTA

By registering for this in-person event, you hereby agree to the Broward, Palm Beaches and St Lucie REALTORS(R) COVID-19 Waiver of Exposure Risk and Liability: https://rworld.com/waiver

To CANCEL your class registration, please email class name, date, and location to education@rworld.com or call 561-353-9190.

Class cancellations for “Specialty” courses (Designations/Certifications/license renewal) received within 3 business days of the class start day will be subject to a $20 cancellation fee, which would result in a partial refund of the paid registration fee. If the aforementioned registration was not paid, an invoice for the $20 cancellation fee will be applied.

Members who “No Show” a class without notice of cancellation prior to class will not be eligible for a refund of the registration fee.

By registering for this class/event you hereby consent to the photographing of yourself and the recording of your voice and the use of these photographs and/or recordings singularly or in conjunction with other photographs and/or recordings for advertising, publicity, commercial or other business purposes. You understand that the term “photograph” as used herein encompasses both still photographs and motion picture footage.