Overcoming Legal Obstacles and the Impact of trusts and estate on real estate transactions
Thursday, October 21, 2021 (12:00 PM - 3:00 PM) (EDT)
Mandatory for license Renewal, Free for DCAR Members
Fulfils Legal Issues Requirement
Instructor: Marcia Jacobowitz, Esq. and Michael Wagner, Esq.
CE Credit Hours 3.0
Overcoming Legal Obstacles on a Real Estate Transaction (Marcia Jacobowitz, Esq.)
- Title Issues
What title issues need to be resolved to provide good title and close
Potential Loss of Down Payment
How to avoid loss of a down payment by buyer and loss of your commission
The Importance of an Appraisal
How an appraisal in today’s extremely active real estate market can affect your deal
- The Impact of Existing Easements
How to avoid unexpected property rights and encumbrances
- The Impact of Divorce on Real Estate Transactions
The Need to determine who has rights, responsibilities, and possession
- The Impact of a Deceased Party to a transaction
Contract provisions to assist in keeping the deal alive
* Closing During COVID-19
_ What is the new role of a realtor from listing to closing.
Impact of trusts and estates on real estate transactions (Michael Wagner, Esq.)
Surrogate’s Court Proceedings
What to do when the deed to a property (or share certificate to a co-op) is in the name of a deceased person.
Types of Property Ownership (Joint Tenancy, Tenancy in Common, Tenancy By the Entirety)
Who has the right to sell property depends on how the deed is titled.
Estate sales checklist
Everything realtors need to know when selling a property is in the name of a deceased person.
CLASS NO SHOW Policy: If you do not show up for a class you have registered for, the following no show policy will apply:
First No Show: Email Warning
Second No Show: $25 No Show Fee
Third No Show and all subsequent through 2021: $50 No Show Fee
Most classes sell out, not showing up without notifying DCAR means that someone missed out on a class they could have taken. Cancellations can be made easily on dcar.com, by emailing firstname.lastname@example.org or texting/calling 845-471-2811.