NYSBA

Representing Purchases & Sellers of Res Condos, Co-ops **CANCELED**

Tuesday, November 6, 2012

- Location -
Holiday Inn Amherst
1881 Niagara Falls Blvd.
Amherst, NY 14228
(716) 691-8181

**THIS PROGRAM HAS BEEN CANCELLED**

7.5 MCLE Credits:  7.0 Professional Practice;  0.5  Ethics

Description

The course will review the basic scope, steps and procedures for representing purchasers and sellers of condominium units, co-operative apartments and residences with mandatory membership in homeowners associations.  Typical transactions, including sales pursuant to public offerings and private re-sales, will be examined from contract drafting and negotiation, through preparation for closing, closing and post-closing requirements.  Due diligence checklists, sample contracts, title insurance and lender requirements will be discussed.  Ethical considerations will also be addressed. 

The program at each location will emphasize regional customs and practice.

The course is appropriate for those familiar with transactions involving single family homes who wish to learn more about transactions involving common interest communities. The program is also intended for practitioners with little or no experience in residential real estate transactions.

Program Agenda

8:30 – 9:00 a.m. Registration

9:00 – 9:25      Introduction

Program Overview
Definitions:

  • “Common Interest Community”
  • "Cooperative Interests in Realty”
  • Martin Act (Registration of Offerings)
  • Condominium
  • Cooperative
  • Homeowners Association
  • Distinguishing from single family homes, multiple dwellings and PUD’s

9:25 – 10:40    Sales Pursuant to Offerings Plans

  1. Offering Plans, Amendments, Enforcement and Role of the Attorney General
  2. Sponsor Concerns
  3. Representing a purchaser

10:40 – 10:55    Refreshment Break

10:55 – 12:35   Re-Sales

  1. Representing a seller of a Condominium, Cooperative or HOA unit
  2. Representing a purchaser of a Condominium, Cooperative or HOA unit

12:35 – 1:35      Lunch on your own

1:35 – 4:20        Specific Issues*   

  1. Title Insurance (25 min)
  2. Transfer/Managing Agents (25 min)
  3. Lenders, Mortgages, Closing Attorneys and Federal Regulations (50 min)
  4. Analyzing Financial Statements (25 min)
  5. Home/Engineer Inspections (25 min)

*Refreshment break during this session – 15 minutes         

4:20 – 4:45        Ethics

  1. Engagement Letters
  2. Fee Disputes
  3. Conflicts of Interest
  4. Escrows and Escrow Agents

4:45 – 5:00         Questions

5:00                     Program Adjournment

New this Year: All program materials will be distributed exclusively online in searchable PDF format, allowing attendees more flexibility in storing this information and allowing you to copy and paste relevant portions of the materials for specific use in your practice.  A CLE NotePad © (paper) will be provided to all attendees at the live program site.  The CLE NotePad © includes lined pages for taking notes on each topic, as well as any PowerPoint presentations submitted prior to printing. Traditional printed course books can be ordered at the program site for the discounted price of $20.00 and will be shipped subsequent to the program date.

Program Faculty

Program Chair 
            Ira Goldenberg
            Goldenberg & Selker, LLP
            White Plains, New York

Local Panels

Albany:  Joseph M. Walsh (Local Chair), Partner, Walsh & Walsh, Saratoga Springs, New York *

Long Island: Richard Herzbach (Local Chair), Partner, Certilman Balin Adler & Hyman, LLP, East Meadow, New York *

Buffalo:  James J. Contino (Local Chair), Partner, Phillips Lytle LLP, Buffalo, New York *

Westchester: Ira Goldenberg (Local Chair), Partner, Goldenberg & Selker, LLP, White Plains, New York *

New York City: Dennis H. Greenstein (Local Chair), Partner, Seyfarth Shaw, New York, New York *

*Additional Faculty TBA

Directions

From Buffalo-Niagara Int'l Airport: Exit the airport onto Rt. 33W and continue to the 90E. Take exit 50, Rt. 290W. Exit on Niagara Falls Blvd. exit 3 turn right.From the Canadian Border: (Peace Bridge) Take the 190N to the 290E to exit 3B, Niagara Falls Blvd. N (Rt. 62). Our hotel is just past the overpass on the right.From Niagara Falls Canada: (Rainbow Bridge) Take the 190S to the 290E to exit 3B, Niagara Falls Blvd. N (Rt 62). Our hotel is just past the overpass on the right.From the NYS Thruway (90) E or W: Exit 50, Rt. 290 W to exit 3, Niagara Falls Blvd. Turn right at the signal and right again into our parking lot.

Pricing Information for Member
Seminar
0
BUFF-Registration $165.00
 

Pricing Information for Non Member
Seminar
0
BUFF-Registration $265.00
 

Accommodations for Persons with Disabilities:
NYSBA welcomes participation by individuals with disabilities. NYSBA is committed to complying with all applicable laws that prohibit discrimination against individuals on the basis of disability in the full and equal enjoyment of its goods, services, programs, activities, facilities, privileges, advantages, or accommodations. To request auxiliary aids or services or if you have any questions regarding accessibility, please contact Cindy O'Brien at 800-582-2452 or cobrien@nysba.org.