Federally Related Transactions

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Education & Training with REcampus Fully Accredited Florida ONLINE & Classroom Training in Destin, Pensacola Florida

A federally related transaction is any real estate related financial transaction that a federal financial institutions regulatory agency (FFIRA) has either contracted for, or regulates and requires the services of an appraiser.

There are 5 federal financial regulatory agencies

  • Office of Thrift Supervisions (OTS)
  • Office of the Comptroller of the Currency (OCC)
  • Board of Governors of the Federal Reserve System (FRB)
  • Federal Deposit Corporation (FDIC)
  • National Credit Union Administration (CUA

A real estate-related financial transaction is any transaction involving the:

  1. Sale, lease, purchase, investment in or exchange of real property, including interests in property, or financial thereof
  2. Refinancing of real property or interests in real property
  3. Use of real property or interests in property as security for a loan or investment, including mortgage-backed securities.

Florida real estate licensees who are not licensed appraisers are cautioned to get a statement in writing from the client that the appraisal is not associated with a federally related transaction.

Information Courtesy of Rowlett Real Estate School
Captain Wayne Rowlett

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Rowlett Real Estate School

Rowlett Real Estate School


For infomation on Rowlett Real Estate School and our classes in Panama City, Fort Walton, Pensacola and Destin, visit our website at www.rowlettrealestateschool.com .  Or give Captain Wayne a call at 850-547-1333

Rowlett Real Estate School is a full service Florida Real Estate School offering classroom training in Panama Ctiy Beach Florida and Destin Florida, Fort Walton Beach and Pensacola.  We offer a full line up of courses online and in classroom for all your Sales Associate and Broker real estate license requirements.
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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Judy Rowlett 08/12/2012 08:35 PM
Topic:
Real Estate Best Practices
Location:
Florida
Tags:
florida
federally related transaction

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Rainmaker
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Captain Wayne Rowlett / Florida Real Estate School

Instructor / Owner of Rowlett Real Estate School
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