OAK Knowledge

Real Estate Contracts

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Learn about contract negotiations, contract riders, preparation for closing, real estate tax implications and the affidavits that must be executed at closing.

 

Discover the distinction between closing on the sale of a coop versus a condo or any other real property. Gain an understanding of the goals of the parties, the legal structuring, the negotiation, and the documentation essential to each phase of the process.

 

The course will teach the Real Estate agent an overview they need to know about real estate contracts and their importance. Education can lead to higher closing ratios and higher level of satisfied customers

 

You will learn how to identify potentional issues that will alert you to reach out to your attorney partners. This will help potentially resolve issues ahead of time.

 

Top 7 Items to understand 1. State Insurance Regulation 2. Insurance Contracts 3.Underwriting Practices 4. Descriptions/Surveys 5. Abstracting, Taxes &Liens 6. Transfers & Riparian Rights 7.Settlements, and more…

🕴 Instructor: Cesar Garcia
🕓 Duration: 3.75 hour
📍 State: New York
Category:

Description

Course Learning Objectives

Unit 1:
After completing this unit of the course, you will be able to:

  • Broad Understanding of what COOP Contract is
  • Help borrowers undertstand the importance of COOP Contract
  • Standard Form Coop Contract
  • Contract Of Sale – Cooperative Apartment

Unit 2:
After completing this unit of the course, you will be able to:

  • Understand Rider to and Part of Contract Of Sale Between Seller and Purchaser
  • Explain to your Sellers or borrowers the affects of COOP Contract
  • Know what EPA and HUD is
  • Lead Based Paint in Housing
  • Effects of Lead Poisoning
  • Type oF Housing Covered and Not Covered
  • Effective Dates

Unit 3:
After completing this unit of the course, you will be able to:

  • Know what documents the Seller needs to submit for COOP Contract
  • Understand Rider Contract Of Sale between Seller and Purchaser
  • Purchaser’s Rider To Contract Of Sale Between Seller and Purchaser, For Cooperative Apartment Unit
  • Have a clearer understanding of what Coop Contract
  • Know the Supplementing paragraph 1 of the Contract

Timed Course Outline

0.0 Course Introduction
0.1 Course Description
0.2 Course Description (cont.)
0.3 Introducing Your Instructor
0.4 Course Outline
0.5 Course Learning Objectives

10 minutes

1.0 Overview of Title

1.1 Unit Introduction
1.2 Unit Learning Objectives
1.3 Key Terms
1.4 What is COOP Contract
1.5 Basics of COOP Contract
1.6 Standard Form Coop Contract
1.7 Contract Of Sale – Cooperative Apartment
1.28 Quiz Instructions
1.29 Unit Quiz

60 minutes

2.0 The beginning of a title report

2.1 Unit Introduction
2.2 Unit Learning Objectives
2.3 Key Terms
2.4 Rider to and Part of Contract Of Sale Between Seller and Purchaser
2.5 EPA and HUD
2.6 Lead Based Paint in Housing
2.7 Effects of Lead Poisoning
2.8 Type oF Housing Covered and Not Covered
2.9 Effective Dates
2.10 Effects on States and Local Governments
2.11 Unit Conclusion
2.12 Quiz Introduction

50 minutes

3.0 Understanding Contract information

3.1 Unit Introduction
3.2 Unit Learning Objectives
3.3 Surveys
3.4 Rider Contract Of Sale between Seller and Purchaser
3.5 Purchaser’s Rider To Contract Of Sale Between Seller and Purchaser, For Cooperative Apartment Unit vs condo and residential contracts
3.6 Supplementing paragraph 1 of the Contract
3.7 Unit Conclusion
3.8 Quiz Instructions

60 minutes

Q & A

30 minutes

Total: 225 minutes (3.75 Hour CE class)

Cesar Garcia

In 2003, Cesar Garcia started a career in real estate. He soon mastered the art of fusing astute commercial judgment with a deep awareness of client/customer expectations. When Mr. Garcia joined Keller Williams Realty Landmark in the Bayside market area in 2008, he played a key role in elevating the business to the position of top-performing Queens real estate office. Due to his achievement, he was given a new position as one of the original owners and co-founders of Landmark II, the brand-new Keller Williams Realty location in Jackson Heights. Mr. Garcia played a key role in the company's breakthrough tech solution "and strategies" debut, which enabled him to work with his partners to assemble and manage a team of 350 brokers. Since then, Cesar has obtained a number of professional certifications, such as the ABR, CDPE, SFR, LIBOR Short Sale Certification, and