Real Estate Transactions Made Painless and Efficient Training Class

Course ID: 9366

Real Estate Transactions Made Painless and Efficient Training Seminar

Real Estate Transactions Made Painless and Efficient

Everyone wants to close. But not everyone knows what needs to be done in order for closing to happen. If those involved in real estate transactions did what they were supposed to, when they were supposed to do it, the actual real estate closing would be a smooth and painless occurrence. This seminar will show you what these pre-closing steps are and who should be taking them.

This vital seminar will delve into the particulars of what the seller's and buyer's roles and responsibilities are so you know who should be doing what, when and how. Learn what financing options are available and the documentation required for each so your buyer can get the best deal. Examine the ethical issues that surround a real estate transaction in order to avoid future litigation. Understand the significant role that title insurance plays in every closing and how that information can help you help your client. Be prepared for a smooth "close" to the transaction and, ultimately, happy clients.

Learn essential seller responsibilities and liabilities so you can effectively guide your client through a real estate transaction.
Broaden your client base by discovering how to be a successful buyer representative.
Master how to completely draft required paperwork.
Understand the available financing option and which is best for your client.
Consider ethical issues involved with real estate transactions, including disclosure of defects, and how these issues affect your representation.
Learn the significant information found on a title commitment and how it can help you prepare for closing.
Determine exactly what documents and information you need at closing in order to have a complete and smooth ending to a real estate transaction.


	Agenda
	FUNDAMENTAL CONSIDERATIONS IN A REAL ESTATE TRANSACTION Dorothy L. Helling, 9:00 - 11:15 What the Seller Needs to Know Representations and Warranties Being Aware of Common Seller Liabilities Appraising the Tax Implications Real Estate Brokers/Listing Contracts Responsibilities When Representing the Buyer Responsible Due Diligence Dealing With Liabilities of Ownership/Contamination Complying With Zoning and Land Use Regulation Successful Relationships With Real Estate Brokers Which Form of Agreement Will Be Best for the Transaction? Drafting the Letter of Intent Earnest Money Agreement Creating Complete Purchase and Sale Agreement - What You Need to Include Spelling Out the Price and Payment Terms Addressing Conditions and Covenants The Vital Importance of Title Review Getting Timing Down for a Smooth Transition What You Need to Know About Pre-Closing Inspection/Cooperation Real World Remedies You Can Use Acknowledging Risk of Loss Other Provisions SOLID REAL ESTATE FINANCING STRATEGIES David M. Sunshine, 11:30 - 12:00 Institutional Financing/Documentation Seller Financing/Documentation ETHICAL CONSIDERATIONS James E. Knapp and David M. Sunshine, 1:00 - 1:30 Applying the Rules of Professional Conduct Good Faith Required in Real Estate Transactions Lawyers and Title Insurance Companies Trust Accounts Representation of Multiple Clients -- Conflicts of Interest Disclosure of Defects in Property Lender Liability THE IMPORTANCE OF TITLE TO THE REAL ESTATE TRANSACTION James E. Knapp, 1:30 - 3:15 Defining Interests in Realty Implying a Degree of Ownership -- Estate's Role in Real Property Looking at Easements -- What Everyone Needs to Know The Art of Title Examination Definition/Purpose Application of the Results of the Title Examination Reviewing Official Records Recognizing and Remedying Encumbrances Assurance of Marketable Title Identifying the Marketable Title With an Attorney's Opinion Your Safety Net: Using Title Insurance Standard Coverage Special Coverages/Endorsements SMOOTHLY CLOSING THE TRANSACTION David M. Sunshine, 3:30 - 4:30 How to Fulfill Escrow Instructions Discerning Ownership Types Other Closing Documents/Affidavits You Need to Cover Important Inclusions on Settlement Statement Be Prepared: Special Issues You May Need to Deal With


	Audience
	This basic level seminar will benefit attorneys, paralegals, lenders, title companies, realtors, realtors' assistants and others who want to increase their ability to help achieve a smooth real estate transaction.