No-buy zone: Florida’s ban on some foreign buyers has industry scrambling for response

Thursday, June 1, 2023

Scott Bettridge was quoted in The Real Deal discussing Florida Senate Bill 264. The bill bans nearly all purchases by Chinese nationals and China-based companies. It also bars buyers from what the state deems “countries of concern,” including Venezuela and Russia, from purchasing agricultural land in the state, as well as any real estate within 10 miles of military and critical infrastructure facilities. "Florida Senate Bill 264 could violate real estate agents’ code of ethics. The National Association of Realtors dictates that its members can’t refuse to work with people based on race, color, national origin, and other identifying factors," said Scott.

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