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New in the Realtor® Education Library!

The Good, the Bad & the Ugly: Property Assessed Clean Energy (P.A.C.E) Financing

Television commercials hawk these easy-money loans to homeowners all over the state.  The loans offer 100% financing and few requirements to qualify.  PACE loans are used to make energy efficiency and hurricane hardening improvements to commercial and residential properties.  They are complicated, frighteningly easy to obtain but difficult to payoff leading to closing delays and failed contracts. 

Sec. 163.08(14), F.S., requires sellers to disclose, in the contract or by a separate writing, the existence of a PACE assessment prior to the execution of the contract by the buyer.  Despite that requirement, many real estate agents remain unfamiliar with this obligation.  Promote your practice by educating the agents in your area on this important topic.  This 1-hour program explains the nuances of PACE loans, how they impact sellers, buyers and what real estate agents need to know about them.

Contact REC Relations Manager Rene’ Rutan at This email address is being protected from spambots. You need JavaScript enabled to view it. for details.