Presented by the Real Property Section
About the Program
This seminar is the first installment of a two-part program that goes beyond the basics and explores real estate closings at an advanced level. This seminar will assist residential real estate practitioners to fully understand the steps and details involved in closing a complex residential real estate transaction. We will provide an overview of the entire real estate closing process, with a focus on advanced real estate issues. In this program, seasoned faculty will explore a variety of real estate issues with concrete tips for successfully navigating past major difficulties, avoiding claims and other pitfalls. This program will teach you the basic principles of real property transactions starting with a review of contract matters, and pre-closing, closing and post-closing issues you may face, including emerging issues such as new federal laws on realtors, AI, and fraud.
Attorneys involved in all aspects of residential real estate transactions will benefit from a better understanding of what is involved in closing a complex residential real estate transaction and will acquire a more thorough understanding of the documents which may be necessary in connection therewith.
For a complete, in-depth understanding and the best return on your time, we suggest registering for both modules. To register for Part 2, click here.
You Will Learn
• An overview of common purchase and sale agreements in the marketplace today and the Model Residential Real Estate Contract approved by the Real Property Section
• About the many closing customs in each Connecticut county
• How the NAR Settlement affects Connecticut practitioners
• About troubleshooting pre-closing problems, including the difficult client, lender, realtors, opposing counsel, timing
• About new Federal and State Laws affecting Connecticut Real Estate
• About new ALTA Endorsements and updates to ALTA Best Practices
• About new FinCEN – the Real Estate Recording Act
• About changes to CTA filing requirements
• About zombie mortgage statute
• About Land Record redactions for judges
• About recording fee increases
• About changes to the Validating Act
• New and/or revised Standards of Title
• About probate issues affecting real estate
• What title insurance commitments, policies and endorsements do and do not cover
• About Probate Issues affecting real property in Connecticut
• About voluntary and involuntary transfers
• About the different types of easements and how they are created, terminated and/or modified
• How bankruptcies affect real estate titles
• About last minute closing surprises
• About post-closing issues with recordings, fraud and misrepresentation
Who Should Attend
This program is designed for experienced Residential Real Estate attorneys and paralegals, and those interested in learning more about residential real estate closings.
Cost
(Includes snacks and electronic materials)
Real Property, Solo/Small and Young Lawyers Section Member (in person or virtual) $90
Member (in person or virtual) $120
Student Member (in person or virtual) $0
Non-Member (in person or virtual) $240
Please log into your account to receive CBA member pricing.
Financial hardship information is available upon request.
CT: 3.0 CLE Credits (General)
NY: 3.5 CLE Credits (AOP)
The Connecticut Bar Association/CT Bar Institute is an accredited provider of New York State CLE. This program qualifies for newly admitted and experienced attorneys CLE credits.
Attorneys seeking NY CLE credit who have been admitted to the New York State Bar for two years or less must attend the live seminar for skills or ethics credit, a fully interactive videoconference, or simultaneous transmission with synchronous interactivity. Diversity, Inclusion and Elimination of Bias CLE credits are only available as non-transitional credits. For further information please see the NYCourts.gov page on CLE: http://ww2.nycourts.gov/attorneys/cle/index.shtml. Financial hardship information is available upon request.
If the seminar is recorded, all member registrants will receive complimentary access to the recording approximately six weeks after the program.
Please note that refunds will not be granted once course materials have been sent.
Cancellations made less than 2 business days prior to event are non-refundable.
Closed captioning will be available during the seminar presentation for virtual attendees.