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Representing Purchases & Sellers of Res Condos, Co-ops

- Location -
Long Island Marriott
101 James Doolittle Boulevard
Uniondale, NY 11553
(516) 794-3800

9:00 a.m. - 5:00 p.m.

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 a.m.          Introduction (25 minutes)
Speaker:  Richard Herzbach, Partner – Certilman Balin Adler & Hyman, LLP

A.         Program Overview
B.         Definitions:

1.         “Common Interest Community”
2.         "Cooperative Interests in Realty”
3.         Martin Act (Registration of Offerings)
4.         Condominium
5.         Cooperative
6.         Homeowners Association
7.         Distinguishing from single family homes, multiple dwellings and PUD’s

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 minutes)
Speaker: Honorable Lewis Polishook, Chief Counsel for Real Estate Finance – NYS Office of the Attorney General, Real Estate Finance Bureau

2.         Sponsor Concerns (35 minutes)
Speaker:  Michelle E. Cohen, Associate – Certilman Balin Adler & Hyman, LLP

10:40 – 10:55 a.m.      Refreshment Break 
 
10:55 – 12:35 p.m.      Continuation of Sales Pursuant to Offering Plans/Re-Sales

1.         Representing a seller of a Condominium, Cooperative or HOA unit (30 minutes)
Speaker:  Jodi Hoffman, Partner – Certilman Balin Adler & Hyman, LLP

2.         Representing a purchaser of a Condominium, Cooperative or HOA unit (50 minutes)
Speaker:  Mitch Diamond, Senior Partner – Diamond Law Group

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 minutes)
Speaker: Michael P. Sasso, Counsel – First American Title Insurance Company

2.         Transfer/Managing Agents (25 minutes)
Speaker: David Goldstein, President – Total Community Management Corp.

3.         Lenders, Mortgages, Closing Attorneys and Federal Regulations (40 minutes)
Speaker: Orest Tomaselli, CEO – National Condo Advisors, LLC

4.         Analyzing Financial Statements (30 minutes)
Speaker: Howard A. Fuller, CPA, Partner and Thomas C. Lowenberg, CPA, Partner – Fuller Lowenberg & Co., CPAs, P.C.

5.         Home/Engineer Inspections (25 minutes)
Speaker: Victor Bert, PE – Nelson & Pope, Engineers & Surveyors

*Refreshment break during this session – 15 minutes        

4:20 – 4:45 p.m.          Ethics
Speaker: Hon. Kenneth L. Gartner, Partner, Lynne, Gartner, Dunne & Covello, LLP

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

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.

Program Faculty

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

Panel

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.

Directions

The last day to pre-register online was December 10, 2012.

Members, please login to get member discounts.

Seminar
LI-Registration	$165.00

Seminar
LI-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.