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Representing Purchases & Sellers of Res Condos, Co-ops

- Location -
Westchester Marriott
670 White Plains Road
Tarrytown, NY 10591
(914) 631-2200

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

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 a.m.   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 a.m.   Refreshment Break

10:55 a.m. – 12:35 p.m.  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 p.m.     Lunch on your own

1:35 – 4:20 p.m.       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 p.m.       Ethics

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

4:45 – 5:00 p.m.        Questions

5:00 p.m.                     Program Adjournment

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 * Erica F. Buckley, Chief of Review, Real Estate Finance Bureau, Office of the Attorney General, New York, New York * Paula A. Lapin, Principal, Fix Spinde1man Brovitz & Goldman, P.C., Fairport, New York * J. Stephen Reilly, Partner, Whiteman Osterman & Hanna LLP, Albany, New York * Leon T. Sawyko, Partner, Harris Beach PLLC, Pittsford, New York * Thomas W. Spinrad, Ianniello, Anderson & Reilly, P.C., Clifton Park, New York * Rick Winkler, CPA, Fred H. Winkler & Company, P.C., Schenectady, New York.

Long Island: Richard Herzbach (Local Chair), Partner, Certilman Balin Adler & Hyman, LLP, East Meadow, New York * Hon. Jensen Ambachen, Assistant Attorney General, Office of the Attorney General, Real Estate Finance Bureau, New York, New York *  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.

Westchester: Ira Goldenberg (Local Chair), Partner, Goldenberg & Selker, LLP, White Plains, New York * Marvin N. Bagwell, Vice-President and Chief New York State Counsel, Old Republic National Title Insurance Co., Westbury, New York * Jennifer Martire Baukol, Senior Mortgage Advisor, Continental Home Loans, Purchase, New York * Ralph Berardi, Senior Mortgage Loan Originator, Continental Home Loans, Purchase, New York * James E. Carnicelli, President, Carnell Engineering, Valhalla, New York * Brian S. Cohn, Manager, Gettry Marcus Stern & Lehrer, CPA, P.C., Woodbury, New York * Mark D. Ginsburg, Partner, Ginsburg & Redmond, PC, Hawthorne, New York * Kenneth Jacobs, Partner, Smith Buss & Jacobs LLP, Yonkers, New York * * Lewis Montana, Partner, Levine & Montana, Peekskill, New York * Matthew Lee Renert, Principal Attorney, Grievance Committee, Ninth Judicial District, White Plains, New York * Ronald A. Sher, Partner, Himmelfarb & Sher, LLP, White Plains, New York.

New York City: Dennis H. Greenstein (Local Chair), Partner, Seyfarth Shaw, New York, New York * Michael J. Berey, Michael J. Berey, Esq., Scarsdale, New York * Ellen Bitton, President and CEO, Park Avenue Mortgage Group, New York, New York * Anne Reynolds Copps, Principal, Law Office of Anne Reynolds Copps, Albany, New York * Judith Kaufman, Assistant Attorney General, Office of the Attorney General, State of  New York * Scott C. Konner, Partner, Konner Teitelbaum & Gallagher, PC, New York, New York * Ross M. Levine, Partner, Schwartz, Levine & Kaplan, PLLC, New York, New York * Mark Motley, Managing Agent, New York, New York * Marissa Piesman, Bureau Chief, Real Estate Finance Bureau, Office of the Attorney General, New York, New York * Norman Prisand, Partner, Prisand, Mellina, Unterlack & Co., LLP, Plainview, New York * Samantha Sheeber, Partner, Starr Associates LLP, New York, New York * Allen M. Turek, Partner, Turek Roth Mester LLP, New York, New York * Howard L. Zimmerman, Howard L. Zimmerman Architects, P.C., New York, New York.

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.

Directions

The last day to pre-register online was November 7, 2012.

Members, please login to get member discounts.

Seminar
WC-Registration	$165.00

Seminar
WC-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.