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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
- Offering Plans, Amendments, Enforcement and Role of the Attorney
General
- Sponsor Concerns
- Representing a purchaser
10:40 – 10:55 Refreshment Break
10:55 – 12:35 Re-Sales
- Representing a seller of a Condominium, Cooperative or HOA unit
- Representing a purchaser of a Condominium, Cooperative or HOA
unit
12:35 – 1:35 Lunch on your
own
1:35 –
4:20 Specific Issues*
- Title Insurance (25
min)
- Transfer/Managing Agents (25
min)
- Lenders, Mortgages, Closing Attorneys and Federal Regulations (50 min)
- Analyzing Financial Statements (25
min)
- Home/Engineer Inspections (25
min)
*Refreshment break during this session – 15
minutes
4:20 –
4:45 Ethics
- Engagement Letters
- Fee Disputes
- Conflicts of Interest
- 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.
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BUFF-Registration
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$165.00
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| Seminar |
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BUFF-Registration
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$265.00
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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.
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