Your Step-by-Step Guide to Residential Transactions

At some point, either for yourself, a family member, or a client, you will review a residential purchase agreement. Let the experts guide you through every step of buying or selling a preexisting or new house, a condominium or cooperative, or a family cottage. Navigate the latest residential financing regulations and seller disclosure requirements. Avoid the pitfalls of uncapping and transfer taxes. You will be able to:

• Manage relationships with brokers, agents, and inspectors
• Negotiate key terms in a standard purchase agreement
• Resolve title issues before closing
• Facilitate a successful closing
• Help clients keep the cottage in the family
• Counsel clients on recovery options when things go wrong

Highlights of the latest update include:

• Discussion of the National Association of Realtors settlement regarding agent commission fee rules
• A Michigan Supreme Court case about building code violations discovered after closing
• Court of Appeals cases regarding innocent misrepresentation on a seller's disclosure statement, principal residence exemption, redemption of property, and home renovation contractors
• Statutory amendments concerning residential purchase agreements

Winner of an Association of Continuing Legal Education Administrators Best Award of Professional Excellence.