Due Diligence (2 credits)

Start
March 23, 2010
10:45 AM - 12:45 PM
Location
American Legion, Chester, VT

COURSE DESCRIPTION

This course has been approved by the Education Subcommittee of the Vermont Real Estate Commission for two (2) clock hours for activating or renewing a real estate license in Vermont.

Level of Study: Intermediate, appropriate for Brokers and Salespersons

LEARNING OBJECTIVES

To review general theories regarding broker due diligence
To understand the broker due diligence requirements in Vermont
To explore how broker due diligence is applied in Vermont by study of examples

METHODS OF INSTRUCTION

Lectures first review the general theories of due diligence for real estate brokers, taken in large part from the works of a respected legal scholar in the law of real estate brokers. Thereafter the lectures expand to cover Vermont’s particular requirements as set forth in the rules and regulations of the Vermont Real Estate Commission and as established by several Vermont Supreme Court cases.

Materials include a special informal analysis by Randy Mayhew, Esq. regarding the question of whether due diligence standards include the duty to obtain documents evidencing the seller’s source of title.  The course then turns to a punch list of procedures to follow in order to obtain the documents evidencing title and to learn of title exceptions.

The primary emphasis of instruction, however, is the last 75 minutes allotted to discussion of six (6) separate examples designed to promote discussion among participants as to what is required in specific, practical cases which frequently arise in Vermont practice. Additionally, participants will be encouraged to cite other examples from their own experiences.

This Course is appropriate for the beginner as well as the experienced licensee. This Course is suited for private offerings to small groups and single firms, as well as larger groups. In the smaller offerings, classroom style instruction will be in roundtable format.

Audio/Visual Aids not used.

COURSE CONTENT

1st Hour:

Introduction
Summary of course objectives
General theories regarding broker due diligence; understanding Vermont requirements
Begin discussion of due diligence requirements in specific cases

2nd Hour:

Continuation of discussion of due diligence requirements in specific cases
Closing & Evaluation

COURSE MATERIALS

Participants receive a brief course outline. A ten page booklet containing course materials mentioned in the outline is attached to the outline. There is no separate textbook.

INSTRUCTOR

Randall F. Mayhew, Vermont Attorney, Adjunct Professor of Law at Vermont Law School, longtime instructor of real estate professionals and law students regarding real estate transactions, and practicing attorney dealing with real estate transactions.

From time to time, Mr. Mayhew may be joined by Elizabeth Merrill, GRI, CRS, and ABR, over 30 years experience as an active real estate broker and former member of the Vermont Real Estate Commission, serving as its Chair for two years.

FEES

General classroom offering: General fee is $40.

Pre-registered students may pay by check or cash at the door. Walk-ins are admitted only if space is available. We do not currently accept credit cards. To sign up for classes held in Chester please call Barbara Ferguson at 802-464-3344 or email admin@svtrealtors.com For classes held in Brattleboro or Manchester you must reserve a seat on-line at www.randymayhew.com

Coffee and water will be provided. Only light snacks will be offered so you may want to bring something else to eat and you will have 45 minutes for lunch on the full day of classes.

The Real Estate Commission encourages people to renew online and the procedure regarding the Continuing Education classes is very simple. Randy will explain the process further in class.