Topic: Foreign Transactions and FIRPTA
The Foreign Investment in Real Property Tax Act, better known as FIRPTA, 26 U.S.C. § 1445, provides that a buyer must withhold a percentage of the amount realized by the foreign seller in the sale of an interest in U.S. real property. This webinar will discuss issues surrounding FIRPTA, including seller obligations, buyer liabilities, foreign status, substantial presence test, withholding, reporting, exceptions, Maryland out-of-state withholding, and foreign acknowledgments.
Eric D. Oberer, Esq.
First American Title Insurance Company
Eric Oberer serves as Senior Underwriting Counsel for First American Title Insurance Company. He has nearly 20 years of real estate and title industry experience. Prior to joining First American, Eric represented national homebuilders in complex commercial real estate transactions at Shulman Rogers, P.A. His background also includes 8 years of service working in an agency capacity for one of Maryland’s largest title agents. Before entering the real estate and title practices, he served as a prosecutor in Baltimore City, and also worked with the U.S. House of Representatives Committee on Small Business and the U.S. Army Office of the Judge Advocate General. Eric also served as an intern in the White House and the United Nations. He is a member of the board of directors of the Maryland Land Title Association. He received his Juris Doctorate from the University of Maryland School of Law and is a member of the Maryland State Bar and the Washington, D.C. Bar.
$0 Real Property Section Members (price will be reflected in your cart)
$5 Non-Section Members
$10 Non-MSBA Members
This is informational only and no CLE credit will be offered for the surrounding MCLE states.