Monday, November 29th, 2021
9:00 am – 12:00 pm
FREE, 3CE.
Location: 2950 Pineda Plaza Way, Palm Shores Fl 32940
Registration Link: https://mdweb.mmsi2.com/spacecoastss/deeplinks.pl?type=EDU&id=21con11
The Basic “From Contract to Commission” course gave an overview of the life of a contract from data entry to commission check. We reviewed red flags that might delay closings such as: bankruptcy, foreclosure and probates. We solidified the importance of title insurance and gave examples of what is covered under the policy.
This course takes an in depth look into title vesting and the different entities that hold title. Further we will review the roles played by judgments, power of attorneys and foreign investment real property tax act in completing the closing transactions. In this class we will cover:
Title Vesting:
1. Joint tenancy with full rights of survivorship.
2. Tenancy in Common.
3. Estate by the Entireties
Corporations:
1. Corporation Existence & Ability to Hold Title.
2. Execution of Instruments by a Corporation.
Trusts:
1. Definitions.
2. Title acquired by a Trustee of a Specific Trust.
3. Authorization of Trustee.
4.Probate Checklist (After death of Settlor/Trustee)
Guardianships:
1. Florida Uniform Transfers to Minors Act.
Partnerships/limited liability company:
1. Types of partnerships.
2. Limited Liability Company (LLC).
3.Items required for review
Judgment:
1. Judgment Lien Defined.
2. Requirements for Attachment to Real Property.
3. Duration.
- Related Issues. a. Homestead & Procedures. b. Vesting effect. c. Purchase Money Mortgage & Priorities.
- Quick Reference Chart.
Powers of Attorney (POA):
1. Formal requirements.
2. By individual and other entities.
3. Revocations.
4. Durable.
Foreign Investment Real Property Tax Act (F.I.R.P.T.A.):
1. Definitions.
2. Procedures.
3. Forms.
Masks are optional. By registering, you acknowledge you have read and accept the COVID-19 Waiver
WAIVER REGARDING COVID-19
By attending any meeting(s) in person at any facility owned or operated by The Space Coast Association of Realtors© , Inc. , you are acknowledging that an inherent risk of exposure to the virus that can cause COVID-19 (or other illnesses) exists in any public place where persons are present. By attending, you voluntarily and knowingly assume all risks related to such exposure, and voluntarily and knowingly waive any causes of action, rights, or claims against the Space Coast Association of Realtors© , Inc. or any of its affiliates, directors, officers, employees, or agents regarding COVID-19 or other illness or injury, and any damages arising therefrom, which may result from your attendance or presence at such facility.