BACK TO BASICS DAY 2 (Requirements & Contracts) - West Palm Beach
Friday, August 23, 2013 from 9:00 AM to 4:00 PM (EDT)
West Palm Beach, FL
Two 3-hour seminars will be presented in one day. When you register for both at a discounted rate, a complimentary lunch is included. Lunch will be from 12:00 p.m. to 1:00 p.m. during the break between seminars. Topics are:
Meeting Commitment Requirements & Deleting Exceptions (9:00a.m. to 12:00 p.m.) - The title insurance commitment plays a significant role in the closing of real estate transactions and can be a vital part of your journey to closing and issuance of the title insurance policy. This practical seminar examines and explains how to draft and meet the most commonly encountered Schedule B-I requirements and how to delete standard specific exceptions by complying with Fund guidelines and procedures. During the seminar, a Title Search Report and contract will be examined and translated into their relevant Schedule A statements, Schedule B-I requirements, and Schedule B-II exceptions. The Fund Title Notes, Standard Commitment Clauses, and Affidavit Practice Manual play a crucial role in preparing the commitment and deleting exceptions and will be used throughout the seminar as a reference. Popular endorsement forms will be reviewed, including their proper use and coverage, as well as significant changes between the ALTA 1992 and ALTA 2006 commitment forms. This seminar is approved for 3.5 general CLE credits and .5 ethics credit with The Florida Bar, and 3 hours of continuing education by NALA, and DFS.
Understanding & Using Residential Real Estate Contracts for Sale & Purchase (1:00 to 4:00) - At the heart of every real estate transaction stands the contract for sale and purchase. But what do its provisions really mean? How does it govern the parties’ performance? Is the real estate broker a party to the contract or a third party beneficiary? Is the settlement agent a party to the contract? Is the contract even valid in the first place? This seminar gives you the tools to answer these questions and more through an examination and review of the important principles of Florida real estate contract law. We will explore these principles in the context and against the backdrop of the 2010 FR/BAR contract documents as well as other commonly used form contracts, including relevant riders and “AS/IS” variants. In addition, the course will cover various contractual deadlines and the preparation of timelines, checklists, and tools for monitoring performance on the part of the buyer, seller, and settlement agent. This is one of the Legal Education Department’s Transactional Foundations series of seminars geared for real estate attorneys and their paralegal staff. It is designed to provide practical education and training in preparing, reading, interpreting, and understanding residential contracts for sale and purchase of real property within the context of current principles of Florida contract law. This seminar is approved for 3.5 general CLE credits and .5 ethics credit with The Florida Bar, and 3 hours of continuing education by NALA, and DFS.
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