This class is designed to teach students about the transaction process for three different common real estate transaction types – (1) purchase and sale, (2) lease and (3) loan. The class begins by identifying the typical stages of a real estate transaction and explaining how those stages vary depending upon the type of real estate transaction. The course then describes the transaction process and the specific stages of each of a purchase and sale, loan, and lease transaction. Next, the class defines what the “closing” is in each type of real estate transaction and the specific types of documents that should be listed on a closing checklist. The course then reviews the role of a junior attorney in each of the various transaction processes, including the closing stage. The class then discusses the items that may need to be completed or monitored after the transaction has closed.
Real Estate Transaction Process
Training courses associates and partners love and law firms need.
Upon completion of this course, participants will be able to:
- Identify the typical stages of a real estate transaction and how those stages vary depending upon the type of real estate transaction.
- Describe the different ways a real estate transaction can be financed.
- Understand the junior attorney’s role in the transaction process and, specifically, the closing process.
- Articulate the typical closing obligations and responsibilities of the various parties and recognize the types of ancillary documents typically required in a purchase and sale, loan, and lease transaction, and the potential post-closing obligations relevant to each
- Prepare a closing checklist
Class Content Overview
Course Details
2 CLE Credits is available for each course.
Simulation Exercise: Students are presented with a real estate investment client that owns a
medical office building. The client has entered into a purchase and sale agreement to sell the
building. Students are asked to work on the following tasks: review the sample purchase and sale
agreement and prepare a closing checklist.
medical office building. The client has entered into a purchase and sale agreement to sell the
building. Students are asked to work on the following tasks: review the sample purchase and sale
agreement and prepare a closing checklist.
Instructors Who Practice What They Teach
Our vetted instructors are global practitioners with outstanding professional and educational qualifications and demonstrated achievement in their fields. All have 10+ years Big Law experience.
In addition to their accomplishments as practitioners, our instructors are also passionate about teaching. We carefully interview instructor candidates to assess personality, domain expertise and effectiveness in the classroom. Our instructors must maintain a 4.5 out of 5 rating from students.
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