Representing Purchases & Sellers of Res Condos, Co-ops
Tuesday, December 11, 2012
- Location -
9:00 a.m. - 5:00 p.m.
7.5 MCLE Credits: 7.0 Professional Practice; 0.5 Ethics
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.
8:30 – 9:00 a.m. Registration
Introduction (25 minutes)
A. Program Overview
9:25 – 10:40 a.m. Sales Pursuant to Offerings Plans/Re-Sales
1. Offering Plans,
Amendments, Enforcement and Role of the Attorney General (35
2. Sponsor Concerns
10:40 – 10:55 a.m. Refreshment
1. Representing a seller
of a Condominium, Cooperative or HOA unit (30 minutes)
2. Representing a
purchaser of a Condominium, Cooperative or HOA unit (50 minutes)
3. Questions (10 minutes)
12:35 – 1:35 p.m. Lunch (on your own)
1:35 – 4:20 p.m. Specific Issues*
1. Title Insurance (30
Agents (25 minutes)
Mortgages, Closing Attorneys and Federal Regulations (40
4. Analyzing Financial
Statements (30 minutes)
Inspections (25 minutes)
*Refreshment break during this session – 15 minutes
1. Engagement Letters
4:45 – 5:00 p.m. Questions (15 minutes)
5:00 p.m. 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 and will be shipped subsequent to the program date.
Richard Herzbach (Local Chair), Partner, Certilman Balin Adler & Hyman, LLP, East Meadow, New York * Hon. Lewis Polishook, Chief Counsel for Real Estate Finance – NYS Office of the Attorney General, Real Estate Finance Bureau * Victor Bert, Partner, Nelson & Pope, Engineers & Surveyors, Melville, New York * Michelle E. Cohen, Associate, Certilman Balin Adler & Hyman, LLP, East Meadow, New York * Mitch Diamond, Senior Partner, Diamond Law Group, Mineola, New York * Howard A. Fuller, Partner, Fuller Lowenberg & Co., CPAs, P.C, Hauppauge, New York * Hon. Kenneth L. Gartner, Partner, Lynn, Gartner, Dunne & Covello, LLP, Mineola, New York * David Goldstein, President, Total Community Management Corp. * Jodi Hoffman, Partner, Certilman Balin Adler & Hyman, LLP, East Meadow, New York * Thomas C. Lowenberg, Partner, Fuller Lowenberg & Co., CPAs, P.C, Hauppauge, New York * Michael P. Sasso, Counsel, First American Title Insurance Company, New York, New York * Orest Tomaselli, CEO, National Condo Advisors, LLC.
DirectionsHempstead Turnpike next to Nassau Coliseum. FROM MEADOWBROOK PARKWAY: Exit M4 West, Hempstead and Uniondale
The last day to pre-register online was December 10, 2012.
Accommodations for Persons with Disabilities: