Audio CD + Course Book

Handling Real Estate Transactions From Start to Finish

Audio CD + Course Book

Copyright Date:

December, 2017

Product ID#:

77282CDRA

Audio + Course Book

Credit Information

Continuing Legal Education

  • CT CLE - 6.00
From Event: Handling Real Estate Transactions From Start to Finish, held December 2017.

Program Description

Are you confident in your abilities to close complex real estate transactions? Are you behind on current trends or looking to learn new ways to navigate the process? This fundamental course will provide you with current procedural guidelines and tools necessary to handle your transactions from contract to closing. The world of real estate is ever-changing and remaining up to date on requirements and best practices is vital for success. Don't miss this opportunity to learn the latest information and techniques to guarantee a positive experience. Order today!

Course Content

  1. Steps Preceding the Real Estate Closing
  2. Due Diligence
  3. Special Considerations for Commercial and Investment Transactions
  4. The Closing
  5. Procedures for Recording the Deed
  6. Ethical Challenges in Real Estate

Continuing Education Credit

Continuing Legal Education – CLE: 6.00 CT - Credit Approval Expiration 12/04/2019 *


* denotes specialty credits

Agenda / Content Covered

  1. STEPS PRECEDING THE REAL ESTATE CLOSING
    9:00 - 10:00, John C. Drapp III
    1. Real Estate Transaction Preparation Checklist
    2. Preparation of the Purchase and Sale Agreement
      1. Letters of Intent
      2. Contracts for Deed (Installment Sales Contracts)
      3. Key Terms of the Purchase and Sale Agreement
    3. Loan Commitments - Lender vs. Borrower
  2. DUE DILIGENCE
    10:15 - 11:15, Steven H. Winkler
    1. Overview of Title Examination Procedures
    2. The Title Insurance Commitment
      1. Basic Terms and Standard Provisions
      2. Removing the Standard Exceptions
      3. Special Exceptions
      4. Endorsements
    3. Surveys and Legal Descriptions
      1. Survey Requirements and Survey Certifications
      2. Reviewing Surveys and Legal Descriptions
    4. Other Due Diligence
  3. SPECIAL CONSIDERATIONS FOR COMMERCIAL AND INVESTMENT TRANSACTIONS
    11:15 - 12:15, John C. Drapp III
    1. Entity Formation Issues (Including Special Purpose Entities)
    2. Letter of Intent
    3. CAP Rate
    4. Environmental Liabilities and Zoning Concerns
    5. Advising Your Client How to Appropriately Take Title
    6. 1031 Exchanges - Issues and Tracking
  4. THE CLOSING
    1:15 - 2:15, Lisa Lugauskas
    1. Closing Checklist
    2. Closing Documents and Procedures: A Step-by-Step Guide
      1. Types of Deeds
      2. Closing Statement
      3. How to Fulfill Escrow Instructions
    3. Types of Closings: Escrow and Roundtable
    4. What to do When Closings go Bad
  5. PROCEDURES FOR RECORDING THE DEED
    2:15 - 3:15, Steven H. Winkler
    1. Requirements for a Valid Deed
    2. How to Acknowledge the Grantor's Signature (Notary and Witness)
    3. Documentary Stamps and Fees
    4. Electronic Filing Procedures and Concerns
    5. Key Issues by County and County Line Discrepancies
  6. ETHICAL CHALLENGES IN REAL ESTATE
    3:30 - 4:30, Lisa Lugauskas
    1. Applying the Rules of Professional Conduct
      1. Good Faith Required in Real Estate Transactions
      2. Lawyers and Title Insurance Companies
      3. Trust Accounts
    2. Predatory Lending Practices - Attorney Pitfalls
    3. Holding of Escrowed Funds
    4. Disclosure of Defects
    5. Spotting and Avoiding Conflicts of Interest

JOHN C. DRAPP III is a partner with the firm Drapp & Jaumann, LLC, where a substantial portion of his practice has been civil and criminal litigation. He has represented hundreds of individuals charged with crimes ranging from disorderly conduct to murder and has tried numerous criminal cases to verdict. Mr. Drapp has also litigated many types of civil cases, including auto accidents, property disputes, employment matters and contract claims. He also maintains a family litigation practice and regularly represents clients in divorce and child custody matters. In addition to his litigation practice, Mr. Drapp assists clients with their estate planning needs and practices in all aspects of real estate law, including residential and commercial closings and real estate litigation. He is a licensed real estate broker in Connecticut and for many years taught "Real Estate Principles and Practices," which is the 60-hour course that one must complete in order to obtain a real estate license. Mr. Drapp graduated with his B.S. degree from Southern Connecticut State University, and he earned his Master of Health Administration degree and J.D. degree from Quinnipiac University. He is a member of the Greater Bridgeport Bar Association, the Connecticut Trial Lawyers Association, the Connecticut Criminal Defense Lawyers Association, and the Connecticut Bar Association

LISA LUGAUSKAS is vice president and branch counsel of the Fidelity National Title Group. Ms. Lugauskas has extensive speaking experience and earned a Post University Award for excellence in teaching. She is an officer of the Connecticut Title Land Association and an officer and director of the Waterbury Bar Association. Ms. Lugauskas is the chairperson of the Connecticut Bar Association Residential Real Estate Specialization Committee and an officer of the CBA Real Property Section. She is a director of CREW (Commercial Real Estate Women) and is a co-chair of its Professional Development Committee, as well as a member of the Careers Committee. Ms. Lugauskas is admitted to the Connecticut Bar Association, the U.S. District Court, and the U.S. Supreme Court. She earned her B.S. degree, magna cum laude, in political science from the University of Connecticut and her J.D. degree from Brigham Young University.

STEVEN H. WINKLER is senior vice president and chief underwriting counsel of Williston Financial Group and its underwriting subsidiary, WFG National Title Insurance Company. Mr. Winkler is admitted to practice in Connecticut and has been in the title insurance industry in a variety of legal and management capacities since 1972. Currently, Mr. Winkler is a member of the Greater Bridgeport, New Haven County, Hartford County, Connecticut (emeritus member, Executive Committee of the Real Property Section, 1979-present; and member, Committee on Unauthorized Practice of Law, 1996-present), and American bar associations; and the Association of Corporate Counsel. He has been elected a fellow of the American College of Real Estate Lawyers and the American College of Mortgage Attorneys. He also presently serves on the Forms Committee of the American Land Title Association. He was co-founder and a past president of the Connecticut Title Association and was a member of the Connecticut Insurance Commissioner's Title Insurance Task Force-Insurance Code Recodification Project. He has spoken many times on title insurance related topics and is co-author of the Common Interest Ownership Manual (1984). He earned his B.A. degree from Union College, Schenectady, New York and his J.D. degree from the University of Michigan Law School.

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

Accreditation Details:

Continuing Legal Education

CT CLE: 6.00 Credit Approval Exp
12/04/2019
Includes - Ethics: 1.00
Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. It is the opinion of NBI, Inc. that this activity qualifies for up to 6.0 self-study hours toward your annual CLE requirement in Connecticut, including 1.0 self-study hour(s) of ethics/professionalism.


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