By Finley & Bologna International
As we approach the end of another year, we want to take this opportunity to reflect on our shared journey. Our firm, Finley Bologna International, concentrates on Immigration, Real Estate, Corporate, International Law. Here’s a quick synopsis of Immigration Law changes.
This year has been one of the significant developments and challenges in the field of Immigration Law. The U.S. Department of State introduced new non-immigrant visas, beginning with tourist and business visas (B1/B2). The diversity visa program increased from 50,000 to 80,000 immigrant visas for fiscal year 2025. The H-1B visas go to the most skilled and highest-paid workers. A new visa category was introduced for entrepreneurs. The Department of Homeland Security (DHS) enables quicker removal of individuals who pose a national security, safety risk.
There have been several significant changes in Real Estate Law in Miami, FL, for 2024. HOA and Condo Association Reforms have been enacted. These laws impose criminal penalties for mismanagement, including election meddling, excessive assessment increases, and fund misappropriation. Building Permit Process. Legislation has been introduced to streamline the building permit process for homebuilders.
Realtor Commission Disclosure. Changes have been made to how real estate agents disclose their commissions. The Multiple Listing Service (MLS) no longer requires listings to include a compensation field, making commission negotiations more transparent. Affordable Housing Initiatives. The Hometown Heroes Housing Program received an additional $100 million to support first-time homebuyers. My Safe Florida Home Program also received $200 million to help homeowners protect their properties against storms and reduce insurance premiums. Property Insurance Deductions. Insurers are now required to provide a deduction on residential property insurance premiums for home-stead property owners.
We wish Members, Clients, Friends, Family and Associates the compliments of the season. Here’s to an exciting and prosperous New Year!
