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Handling the New Jersey Residential Real Estate Deal

Date: Jan 11, 2024 9:00 a.m. – 12:35 p.m.

Location: Online

Member Price: $160

Non-Member Price: $200

Event Code: I096424

Areas of Law: Real Estate

Earn up to 4 credits! (More Information)

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Faculty

Keynote

Moderator

Daniel Barli, Esq.
Barli & Associates LLC, Clifton

Presenters

Howard C. Chernoff, Esq.
Law Offices of Howard C. Chernoff, Union
Paula M. Zwiren, JD, MBA, CTP
President, Zwiren Title Agency, Inc., Livingston

Each year, thousands of residential real estate closings are handled in New Jersey. Being able to handle these transactions presents an excellent opportunity for both general practitioners and new attorneys to build their practice. This program has been divided into a discussion of pre-closing concerns and settlement/closing items. In just one morning, you will gain a solid foundation to the basics of handling the residential real estate deal. What you learn will enable you to immediately begin handling these transactions and attract clients to your firm.

Program to include discussion of:

  • Pre-closing - The Real Estate Contract and Rider
    • The statewide contract
    • Termite inspection
    • Home Inspection: What inspections need to be done? What inspectors should you use?
    • Radon and lead testing
    • Dealing with real estate brokers and agents
  • Documents and Title Insurance
    • The deed
    • Affidavit of consideration
    • Affidavit of title
    • Survey
    • Notices of settlement
    • Discharges of old liens
    • Title insurance - what it includes and what it doesn’t?
    • Title commitment
    • Title binder
    • Marked-up title
    • Title and abstract companies
  • Settlement/Closing
    • Working with a title agent
    • How to apportion taxes
    • How to arrive at settlement costs
    • How to come up with the final number that the buyer must pay to the seller
    • Recording fees
    • Realty transfer taxes
    • Complying with the TILA-RESPA Integrated Disclosure reporting requirements
    • Completing Loan Estimate and Closing Disclosure forms

CLE Credits
NJ CLE:NJ CLE information: This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 4 hours of total CLE credit (Full Credits Available: NJ General: 4.0, NJ New Admit Real Estate: 4.0).
NY CLE (t&nt):NY Professional Practice Transitional: 4.0
PA CLE:PA Substantive Credit: 3.0
$12.00 fee – separate check payable to NJICLE must be submitted at the end of the program

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