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Event Details

Purchases and Sales of Homes 2017 BUFF

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Date:
Tuesday, June 06, 2017
Time:
9:00 AM - 5:00 PM Eastern Daylight Time

 7.0 MCLE Credits: 2.5 Skills; 3.5 Professional Practice; 1.0 Ethics

 
NYSBA Members: $175.00
Real Property Law Section Members: $148.75
Non-members: $275.00
Newly-Admitted Attorneys: $140.00
Students: $75.00
 
Monday, June 5, 2017 | Albany | New York State Bar Association, Albany
 
Tuesday, June 6, 2017 | Buffalo | Adam’s Mark Hotel Buffalo
 
Tuesday, June 6, 2017 | Westchester | Elmwood Country Club, White Plains
 
Wednesday, June 7, 2017 | Syracuse | Sheraton Syracuse University Hotel, Syracuse
 
Wednesday, June 7, 2017 | New York City (Live & Webcast) | NY Society of Security Analysts, NYC
 
Friday, June 9, 2017 | Long Island | Melville Marriott, Melville, LI
 
Friday, June 9, 2017 | Rochester | RIT Inn & Conference Center, Rochester
 
 
Overall Planning Chairs
 
Scott A. Sydelnik, Esq., Davidson Fink LLP, Rochester
Ariel Weinstock, Esq., Katsky Korins LLP, New York City
 
Buffalo Chair
Melanie C. Marotto, Esq., Harris Beach, PLLC, Buffalo
 
Faculty
Michael Blinkoff, Esq., Blinkoff & Blinkoff, Buffalo
Margaret Callanan, Esq., Attorney Grievance Committee Eighth Judicial District, Buffalo
Keri Callocchia Esq., Callocchia Law Firm, PLLC, Buffalo
Richard F. DiGiacomo, Esq., Nesper, Ferber & DiGiacomo, LLP, Buffalo
Nicole E. Fenz, Esq., Gary M. Shaff, Esq., Lancaster
Michael J. Lombardo, Esq., Duke Holzman Photiadis & Gresens, LLP, Buffalo
Melanie C. Marotto, Esq., Harris Beach, PLLC, Buffalo
Stephen C. Townsend, Esq., Stephen C. Townsend, PC, Buffalo
 
TIMED AGENDA
 
8:30 a.m. - 9:00 a.m.                        Registration
 
9:00 a.m. - 9:10 a.m.                        Overview of Program and Introduction of Speakers
 
9:10 a.m. - 9:35 a.m.                        PRE-CONTRACT CONSIDERATIONS
                                                             I.        Seller
                                                                       Brokers listings and commissions
                                                                       Sale terms and timing
                                                                       Tax Planning
                                                                       Property Condition Disclosure Statement
 
                                                             II.       Purchaser
                                                                       Brokers’ agency disclosure
                                                                       Inspection (PCDS)
                                                                       Financing
 
                                                             III.      Binders and the statute of frauds 
                                                             IV.      Checklists
                                                            (0.5 MCLE professional practice credit)
 
9:35 a.m. - 10:25 a.m.                      CONTRACT DRAFTING AND NEGOTIATION
 
                                                             I.         Contract forms - local and statewide
                                                             II.        Preparation of contract (broker or attorney)
                                                             III.       Contract Issues
                                                             IV.       Checklists
                                                            (1.0 MCLE skills credit)
 
10:25 a.m. - 10:35 a.m.                    Break
 
10:35 a.m. - 11:00 a.m.                    CONTRACT NEGOTIATION (continued)
                                                            (0.5 MCLE skills credit)
 
11:00 a.m. - 11:50 a.m.                    MORTGAGE FINANCING
                                                            I.         Types of lenders and types of loans
                                                            II.        Mortgage brokers, mortgage bankers and mortgage loan originators
                                                            III.       Representation of multiple parties
                                                            IV.       Loan application and qualification
                                                            V.        Contract contingency clauses and compliance
                                                            VI.       Loan commitment
                                                            VII.      Loan documentation
                                                              (1.0 MCLE professional practice credit)
 
11:50 a.m. - 12:00 p.m.                    Question & Answer Session
 
12:00 p.m. - 1:00 p.m.                      Lunch (on your own)
 
1:00 p.m. - 1:50 p.m.                        TITLE EXAMINATION AND DISPOSITION OF OBJECTIONS
 
                                                             I.            Examination of title: title abstract or commitment
                                                             II.           Title policies: what is and what is not covered (2006 ALTA Policy)
                                                            III.           Disposition of title objections
                                                            IV.           Endorsements and affirmative insurance (2006 endorsements
                                                             V.           Rates of insurance
                                                            VI.          Referrals and representation of multiple parties
                                                                (1.0 MCLE professional practice credit)
 
1:50 p.m. - 2:15 p.m.                        SURVEY EXAMINATION
                                                                 (0.5 MCLE professional practice credit)
 
2:15 p.m. - 2:25 p.m.                        Break
 
2:25 p.m. - 3:15 p.m.                        ETHICS AND PROFESSIONALISM
                                                              I.          Sources of the rules; ethics opinions
                                                              II.          Conflicts: lawyer/client; between clients
                                                             III.          Escrow account rules
                                                             IV.          Preserving client confidences
                                                              V.           Communication, advertising and referrals
                                                             VI.          Engagement letters and arbitration of fees
                                                             VII.         Lawyers Fund for Client Protection 
                                                                 (1.0 MCLE ethics credits)
 
3:15 p.m. - 4:05 pm.                         PREPARATION FOR CLOSING; CLOSING; POST
                                                            CLOSING MATTERS
 
                                                           I.             Pre-closing matters (checklists)
                                                           II.            Closing Matters (checklists)
                                                           III.           Seller/Purchaser/Lender/Paralegals
                                                           IV.           Adjustments
                                                           V.            Transfer and mortgage taxes
                                                           VI.           Title insurance and exceptions
                                                           VII.          FIRPTA
                                                           VIII.         Casualty insurance
                                                            IX.          Closing forms (e.g., Monroe Co. fence agreement)
                                                             X.           Attorney escrow accounts (NYSBA opinion 737)
 
                                                            POST-CLOSING MATTERS
 
                                                            I.              Closing memorandum and statement
                                                            II.            Title insurance policy and deed 
                                                            III.           Tax reporting: 1099-S and income taxation of gain
                                                            IV.          Expressly surviving liabilities (merger defense)
                                                            V.           Tax treatment of adjustments and expenses, etc.
                                                              (1.0 MCLE skills credits)
 
4:05 p.m. - 4:20 p.m.                        Question & Answer Session  
                                                              (0.5 MCLE credit)
 
 
4:20 p.m.                                            Adjournment
Reg: 8:30 a.m. Program: 9:00 a.m. - 5:00 p.m.
This course has been approved for all attorneys. IMPORTANT NOTICE--PARTIAL CREDIT FOR PROGRAM SEGMENTS NOT ALLOWED: Under the New York State Continuing Legal Education Board Regulations and Guidelines, attendees at CLE programs cannot get MCLE credit for a program segment (typically, a lecture or panel, of which there are usually several in a program) unless they are present for the entire segment. Those who arrive late, depart early, or are absent for any portion of the segment WILL NOT receive credit for that program segment.
Address:
Adam's Mark Hotel Buffalo
120 Church Street
Buffalo, NY 14202
Online Registration has closed, to register please contact the Member Resource Center at 1-800-582-2452