(A) Purchasing and Selling Real Estate for International Clients – 2 CE
November 7 @ 10:00 am - 12:00 pm
Instructor: Steven E. Gurian
This class is hosted with AREAA – Asian Real Estate Association of America
This course is approved for 2 HRS of Continuing Education. Florida rules require that we monitor attendance and we can not issue credit for less than the number of approved hours. I
Attendees will gain a basic understanding of the best way to structure purchases and sales of real estate for a non U.S. citizen client, as well as lean about what issues realtors should spot when representing a non U.S. citizen client looking to sell or purchase real estate.
Attendees will learn about:
What is FIRPTA.
General rules about withholding on the sale of real estate from foreigners.
Structuring transactions to avoid FIRPTA.
Who pays FIRPRA and the procedures for withholding.
Who is considered a foreigner for the purposes of selling real estate.
Exceptions to FIRPTA.
Practicing tips.
How to structure a purchase of real property.
How to structure a sale of real property.
What entities a non-resident alien can use in acquiring real estate.
Estate tax consequences associated with owning real estate.
Gift tax consequences associated with owning real estate.
Course Outline
1. What considerations a real estate licensee needs to looks at for the international client
2. Planning for the international client
3. Commonly used structures for the purchase of real estate
4. U.S. Estate Tax considerations
5. U.S. Gift Tax considerations
6. Understanding FIRPTA
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