Florida Real Property Complex Transactions by 
Florida Real Property Sales Transactions, 9th ed. by 
Foreclosures in Florida, 2d ed. by 
Mortgage Foreclosure and Alternatives, 10th ed. by Use of the Term Realtor
The terms REALTOR, REALTORS, and REALTOR-ASSOCIATE are collective trademarks owned by the National Association of Realtors. Acceptable substitute terms for non-members include "licensee," "real estate salesperson," "real estate agent," and the like.
Real estate is a capital asset, 26 USCA § 1221 (2012), which results in a capital gain if the property is held for the required "holding period" (normally one year). Exceptions to immediate recognition of a capital exist for the sale of a primary residence, for like kind exchanges, and where there is a "stepped up basis" or a "transferred basis."
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