MD CE: 1.5 hours (elective)
The sale of real property by foreigners can be tricky. One small mistake can result in thousands of dollars in IRS penalties to the buyer or prevent the seller from getting their appropriate refund. Real estate agents must have a foundational understanding of FIRPTA to understand when FIRPTA applies, how the exceptions work, and when to seek expert advice. This course will provide an overview of what FIRPTA is and when it applies. Agents will be taught how to identify foreign sellers more accurately, learn about the common exceptions, and understand the critical deadlines that can impact their bottom line. Agents will also be given the tools to develop effective operational protocols to handle FIRPTA transactions smoothly going forward.
Cancellation requests are subject to a $5 processing fee. Course transfers are not accepted. “No Shows” will forfeit their registration fee.
** CLASSES AND SCHEDULES FOR MD CE SUBJECT TO CHANGE.
The class will be held via Zoom. You will be emailed the course link by Maryland Land & Title Association a day prior to the course. All registrants must have a functioning webcam to earn credit and consent to being recorded. You must be on time.