Do you know how to confidently navigate through commercial property transactions – dotting all your i's, handling issues that arise, and using proactive strategies to prevent future disputes? This essential briefing will give you the fundamental tools you need to handle each step of the transaction. Don't miss this opportunity to get the latest information and techniques to ensure a smooth real estate deal. Order today!

1. Step-by-Step Through the Purchase Contract
2. Title Insurance and Survey Review: What You Need to Know
3. Ethical Challenges in Real Estate
4. Financing Commercial Property Acquisitions
5. The Closing
6. Post-Closing Procedures

1. Step-by-Step Through the Purchase Contract
   8:30 - 9:45, Steven Carr
   1. Initial Considerations, Due Diligence Responsibilities and Disclosure Obligations on Commercial Real Estate Transactions
   2. Reviewing Pre-Negotiated Terms and Conditions
   3. Essential Elements of the Contract
      1. Parties Such as Business Entities and Trusts
      2. Granting Clause
      3. Purchase Price
      4. Real Estate Tax Proration
      5. Earnest Money Escrow
      6. Representations and Warranties
      7. Contingencies/Closing Preconditions
      8. Indemnity Provisions
      9. Environmental Provisions
      10. Default and Remedies
      11. Other Miscellaneous Provisions
2. Title Insurance and Survey Review: What You Need to Know
   10:00 - 11:15, Susan Y. Ellinger
   1. The Title Commitment
   2. Requests and Revisions to Consider
   3. Survey Review: Why and What to Look For (Zoning, Setbacks, Easements, Right-of-Way Issues, Etc.)
   4. Beneficial and Burdensome Easements
   5. Determining the Best Course of Action When Dealing With Title Defects and Encumbrances
   6. The Title Policy and Endorsement
3. Ethical Challenges in Real Estate
   11:15 - 12:15, Steven Carr
1. Attorneys' Fees Disputes
2. Who is Your Client?
3. Conflicts of Interest
4. Liability During Closing and Post-Closing Procedures
5. Disclosure of Defects
6. Duty to Report Unethical Conduct/Fraud
4. Financing Commercial Property Acquisitions
   1:15 - 2:30, Susan Y. Ellinger
   1. Standard Loan Documents
   2. Security Agreements
   3. Assignments of Leases and Rents
   4. Additional Guarantees
   5. Cross Collateralization
   6. Drafting Resolutions to Address Authority Issues
5. The Closing
   2:30 - 3:30, Steven Carr and Susan Y. Ellinger
   1. Closing Checklist
   2. Closing Documents and Procedures: A Walk-Through
      1. Types of Deeds
      2. Closing Statement
      3. Other Forms
   3. Types of Closings: Escrow and Roundtable
   4. What to Do When Good Closings Go Bad
6. Post-Closing Procedures
   3:45 - 4:40, Steven Carr and Susan Y. Ellinger
   1. Disbursement of Funds and Escrow Items
   2. Preparing the Closing Package to Send Back to the Lender
   3. Recorded Documents From the Recorder
   4. Policy Preparation
   5. Release of Liens and Encumbrances

STEVEN CARR is a founding member of Ellinger & Carr, PLLC. He is a former associate general counsel with Progress Energy and other investor-owned utilities. Mr. Carr is a business lawyer whose practice concentrates on the areas of commercial real estate, land use, commercial lending, community development, historic rehabilitation and affordable housing tax credit transactions, contract negotiations, leasing, and other complex commercial transactions, including energy and renewable energy transactions. His experience also includes new business development and start-ups, business litigation, corporate law, corporate governance, shareholder rights, energy regulation, telecommunications and technology, employment law and intellectual property matters, including representations of business owners, developers, contractors, lenders and equity investors. Mr. Carr earned his B.A., magna cum laude, and his J.D., with honors, degrees from Washburn University in Topeka, Kansas. He is admitted to practice law in North Carolina, Florida and Kansas, and is a member of the North Carolina, Wake County and American bar associations. Mr. Carr served as vice-chair and now serves as chair of the NCBA and Bar Foundation's Continuing Legal Education Committee.

SUSAN Y. ELLINGER is a partner with the law firm of Ellinger & Carr, PLLC. Her main areas of practice are affordable housing, community development, banking and finance law, business law, representation of nonprofits and tax exempt organizations, and representation of clients in commercial real estate and other commercial transactions. Ms. Ellinger has more than 30 years in the affordable housing field, including subsidized housing, community development, and municipal law matters. Prior to law school, she worked for public housing agencies and authorities in Greenville, South Carolina, and Raleigh and Winston-Salem, North Carolina. Ms. Ellinger has served on the boards of regional and national housing professional associations, including: the Carolinas Council of Housing and Redevelopment Officials, Southeastern Regional Conference of Housing and the Community Development Officials, the National Association of Housing and Redevelopment Officials and the North Carolina Section 8 Association (now the Southeast Regional Section 8 Association, Inc.). She frequently speaks on affordable housing issues and has served on the Governor's Advisory Committee on Tenant-Landlord Law in North Carolina. Ms. Ellinger also has served as a board member on the North Carolina Low Income Housing Coalition. She administered the largest Section 8 programs in North and South Carolina and established experimental voucher programs, Project Self Sufficiency programs, new construction, substantial rehabilitation and moderate rehabilitation programs. Ms. Ellinger now advises authorities, nonprofits and other developers in construction and administration of housing programs of all types throughout the Southeast. She also is counsel for a number of financial institutions, particularly focusing on their community development lending components, including tax credit equity, debt and historic rehabilitation efforts.

Please refer to Continuing Education Credit FAQ for general information about seeking credit for your participation in one of our continuing education programs.

Additionally, our team of credit specialists are here to answer your specific credit-related questions weekdays 7am - 5pm Central:

Phone: 866-240-1890

Email: credit@nbi-sems.com