In February 2024, several REALTORS® have reported a new twist to real estate scams. Different lead generation services have sent the contact information for a seller who wants to list his or her property for sale. How do you know if this seller is the true owner of the property or a scammer who wants to defraud a buyer of hundreds of thousands of dollars?
In 2023, the Rhode Island General Assembly approved a new law that would require owners of rental property to register with a new Department of Health registry that was intended to be created by September 1, 2024 subject to funding with a filing deadline of October 1, 2024. Governor McKee has filed legislation as part of his budget to postpone and change the filing requirements.
Do you or your clients manage or have an ownership interest in a corporation, limited liability company or other business entity or plan to form one? If so, you’ll need to comply with new federal reporting requirements.
Warwick, R.I. – February 15, 2024 – The rate of decline in year-over-year home sales that plagued 2023 showed marked improvement in January, falling just 4.3% compared to the double-digit drops in sales activity recorded throughout each month last year.