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Apr 01 2020


2:00 pm - 5:00 pm

Advanced Contracts – Virtual

Instructor: Steve Olson

3 CE Credits

Understanding the Residential Contract to Buy and Sell Real Estate CBSl, Revised 7/2019 and the Revised Closing Instructions 

This class will cover the CBSl-2019 including the change to the Deed section effective 7/1/2019.

Most sections will be discussed, and the following areas will be given a more in-depth discussion.

  • Parking and Storage Facilities
  • Dates, Deadlines and Applicability
  • Seller Concessions
  • Earnest Money
  • Financing Conditions and Obligations
  •  Appraisal Provision
  •  Lender Property Requirements
  •  Association Documents to Buyer
  • Title Insurance, Record Title and Off-Record Title
  • New ILC, New Survey
  • Property Disclosure and Inspection
  • Due Diligence Documents
  • Lead-Based Paint
  • Transfer of Title, New 7/2019
  • Payments of Liens and Encumbrances
  • Closing Costs, Closing Fee, Association Fees and Taxes
  • Cause of Loss, Insurance, Damage to Inclusions and Services, Condemnation, and Walk-Thru
  • Time of the Essence
  • Termination
  • Broker Acknowledgements
  • Closing Instructions