Unforeseen Problems to Avoid in Real Estate Transactions
-Continuing Education- 

Book Cost: included
(You finish 1/3 of your 22.5 hours of continuing education required by the State.)

Course Outline:

  1. Determining Proper Ownership
    1. Life estates
    2. Inter Vios Transfers
    3. Trusts
    4. Relocation companies
    5. Ownership in an estate
    6. Bankruptcy – trustee in bankruptcy
    7. Foreclosure – bank owned property
  2. Matrimonial Actions
    1. Listing property before and after the divorce
    2. Acceptance of offers
    3. Communicating with both spouse’s attorneys
    4. Tax consequences – capital gains
  3. Contingencies in the Real Estate Contract
    1. Working with the engineer
    2. Water testing
    3. Termite report – damage, prior warranty
    4. Mortgage Contingency – extensions, resubmission
    5. Title Clearance
  4. Additional Pitfalls in a Real Estate Transactions
    1. Certificates of Occupancy
      1) compliance with building health and safety codes
    2.  Funds insufficient to pay off mortgages and / or liens
    3. Seller unable or unwilling to pay commission