This seminar will provide you with an overview of the process of closing real estate transactions. The seminar includes a broad survey of closing-related information. The professionals presenting the information deal with real estate transactions on a daily basis and bring years of experience to the seminar.
- Protecting buyers from significant financial liability
- Protecting lenders and real estate agents from being sued by buyers who have breached
- Educating closing attorneys on the new 2007 GAR contract changes
- Key issues in negotiating a commercial purchase or contract on behalf of a seller or buyer
The attendee will be able to identify core purchase contract terms.
- The attendee will be able to review the basics of title insurance coverage.
- The attendee will be able to discuss ways to detect and discourage mortgage and real estate fraud.
Who Should Attend?
This one-day seminar is designed for attorneys, paralegals, presidents, vice presidents, loan officers, loan department personnel, real estate agents and brokers, managers and other real estate professionals.
Continuing Education Units
- BANKERS 8.0 including CLBB 8
- IACET 0.6
- NFPA 6.0
- NALA 0.6
- GA CLE 6.0
- GA RE 6.0
Check-In 8:15 a.m.; Class 9:00 a.m. to 4:30 p.m.
:00 am – 10:00 am Commercial Purchase Contracts
- A. Michelle Willis
A. Letters of Intent
B. Core Contract Terms
C. Representations and Warranties
D. Inspection and the Due Diligence Process
E. Closing Documents as Exhibits to Contract
10:00 am – 10:15 am Break
10:15 pm – 11:45 pm Mortgage and Real Estate Fraud: A Closing Attorney´s Perspective
- Richard M. Shafritz
A. Who We Represent in the Closing
B. What to Look Out For
C. Ways to Detect and Discourage Fraud
D. Items to Communicate to Your Client
E. Forms to Use
F. Stand Your Ground
11:45 am – 12:45 pm Lunch (On Your
12:45 pm – 1:45 pm The Nuances of the Settlement Statement, and How to Read and Interpret One
- Katie A. Hingerty
D. Title Insurance
E. Earnest Money
F. Funds to Close and Necessary Items
1:45 pm – 2:45 pm Significant Changes to the GAR Real Estate Purchase Agreement
- Tiffiny B. Hattaway
A. Removal of the Mortgage Financing Contingency, and Its Effect on Buyers and Their Lenders
B. Recommended Contract Stipulations
C. Home Inspection Clause
2:45 pm – 3:00 pm Break
3:00 pm – 4:00 pm Title Insurance and Claims
- David L. Gordon
A. The Basics of Title Insurance Coverage
B. Title Insurance Policies and Common Endorsements
C. Title Insurance Claims
4:00 pm – 4:30 pm Questions and Answers
- David L. Gordon, Tiffiny B. Hattaway, Katie A. Hingerty, Richard M. Shafritz and
Lorman Education Services reserves the right to modify the agenda and the faculty when circumstances are beyond our control.
Continuing Education Units
Lorman Education Services is an Accredited Continuing Education Provider (ACEP) of the Institute of Certified Bankers. The Institute of Certified Bankers (ICB) is dedicated to promoting the highest standards of performance and ethics within the financial services industry. The "Fundamentals of Real Estate Closings" content has been reviewed and approved for 8.00 continuing education credits toward the CLBB designation.
This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 6.0 CLE hours.
Lorman Business Center, Inc. is an Authorized Provider by the International Association of Continuing Education and Training (IACET). Lorman Business Center, Inc. will award 0.6 CEUs to participants who successfully complete this program. Participants must complete an evaluation in order to receive CEUs. Please verify applicability with your professional board before attending.
This seminar meets the requirements of the Certifying Board for Legal Assistants of the National Association of Legal Assistants, for continuing legal assistant education credit required to maintain the CLA (Certified Legal Assistant) credential for 0.6 credits.
This program has been approved by the National Federation of Paralegal Associations for 6.0 hours of NFPA continuing education credit.
This course has been approved for 6.0 hours of real estate continuing education credit by the Georgia Real Estate Commission.