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Learn the Fundamentals of Real Estate Closings

Are you confident in your abilities to close complex real estate transactions? Are you behind on current trends or looking to learn new ways to navigate the process? This fundamental course will provide you with current procedural guidelines and tools necessary to handle your transactions from contract to closing. The world of real estate is ever-changing and remaining up to date on legislative requirements and best practices is vital for success. Don't miss this opportunity to learn the latest information and techniques to guarantee a positive experience. Register today!

  • Walk through the real estate closing process and procedures with useful checklists.
  • Stay up to date on TRID requirements necessary for compliance.
  • Know the critical steps for a successful closing.
  • Review local procedures to properly record deeds.
  • Maintain an ethical practice by avoiding conflicts of interest and attorney pitfalls.

  1. STEPS PRECEDING THE REAL ESTATE CLOSING
    9:00 - 10:30, Joseph C. Lucas
    1. Real Estate Transaction Preparation Checklist
    2. Preparation of the Purchase and Sale Agreement
      1. Letters of Intent
      2. Contracts for Deed (Installment Sales Contracts)
      3. Key Terms of the Purchase and Sale Agreement
    3. Overview of Title Examination Procedures
    4. The Title Insurance Commitment
      1. Basic Terms and Standard Provisions
      2. Removing the Standard Exceptions
      3. Special Exceptions
      4. Endorsements
    5. Surveys and Legal Descriptions
      1. Survey Requirements and Survey Certifications
      2. Reviewing Surveys and Legal Descriptions
    6. Other Due Diligence
    7. Loan Commitments - Lender vs. Borrower
  2. TRID UPDATE
    10:45 - 11:45, Chrissy Dunn Dutton
  3. SPECIAL CONSIDERATIONS FOR COMMERCIAL AND INVESTMENT TRANSACTIONS
    12:45 - 1:45, Joseph C. Lucas
    1. Entity Formation Issues (Including Special Purpose Entities)
    2. Letter of Intent
    3. CAP Rate
    4. Environmental Liabilities and Zoning Concerns
    5. Advising Your Client How to Appropriately Take Title
    6. 1031 Exchanges - Issues and Tracking
  4. THE CLOSING
    1:45 - 2:30, Joseph C. Lucas
    1. Closing Checklist
    2. Closing Documents and Procedures: A Step-by-Step Guide
      1. Types of Deeds
      2. Closing Statement
      3. How to Fulfill Escrow Instructions
    3. Types of Closings: Escrow and Roundtable
    4. What to do When Closings go Bad
  5. PROCEDURES FOR RECORDING THE DEED
    2:45 - 3:30, Joseph C. Lucas
    1. Requirements for a Valid Deed
    2. How to Acknowledge the Grantor's Signature (Notary and Witness)
    3. Documentary Stamps and Fees
    4. Electronic Filing Procedures and Concerns
    5. Key Issues by County and County Line Discrepancies
  6. ETHICAL CHALLENGES IN REAL ESTATE
    3:30 - 4:30, Alfred W. Schneble III
    1. Applying the Rules of Professional Conduct
      1. Good Faith Required in Real Estate Transactions
      2. Lawyers and Title Insurance Companies
      3. Trust Accounts
    2. Predatory Lending Practices - Attorney Pitfalls
    3. Holding of Escrowed Funds
    4. Disclosure of Defects
    5. Spotting and Avoiding Conflicts of Interest
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CT East Hartford12/4/2017 9:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>1 day349.002039756
CT North Haven12/7/2017 9:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>1 day349.002039760
ID Pocatello12/18/2017 9:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>1 day349.002039757
ID Boise12/19/2017 9:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>1 day349.002039761
SC Columbia2/6/2018 9:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>1 day349.002039764
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