A 3.75 hour class approved by the NY Deptartment of State for real estate continuing education credits.
Available Class Dates and Times:click here for continuing education schedule for this course
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A Broker's Guide to Pre-Contract Due Diligence and Disclosure: $50Course approved for 3.75 hours of continuing education. Register for the Premium Package |
Click Here for complete continuing education schedule |
This 3.75-hour class will be a guide to Pre-Contract Due Diligence and Disclosure
Among the many topics, this class will include:
· Is a pre-contract inspection necessary?
o When is an architect or engineer necessary?
o Is square footage relevant?
o Combinations?
o Issues impacting small co-ops and condos
· Understanding the Co-op or Condo's finances:
o Review of building financials
o Management Questionnaire
o Common Charge/Maintenance Increases and Assessments
o Façade and Capital Improvements
o Utilizing public data sources
· Understanding the Offering Plan:
o Review of Special Risk Factors
o Review of the Property Description
o Understanding Tax Abatements
o Locating Amendment
· Pre-qualifying the co-op or condo for Purchaser Financing:
o Will lenders lend?
o Understanding new lending requirements
o Is insurance sufficient?
o Should contracts contain funding contingencies?
· What is the broker's duty of disclosure?
o What is the broker's obligation to inspect the apartment?
o How does dual agency impact disclosure?
Ronald H. Gitter has been practicing law in Manhattan for over thirty years, focusing primarily on real estate, business and commercial matters. He is the founder of coopandcondo.com, a resource blog about co-ops and condos and issues impacting New York City real estate. He is also a frequent contributor to Huffington Post and to NY1, a regional television news station. He is a member of the New York State Bar Association and its related Committee on Condominiums and Cooperatives.
Manhattan Branch132 West 36th, 2nd FloorNew York, NY 10018 *Use entrance at 139 West 35th St. on nights and weekends (Between 7th and Broadway, North Side of Macy's) Phone: (212) 967-7508 Directions |
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