A Comprehensive Guide to the Real Estate Purchase and Sale Agreement

Douglas A. Praw
Douglas A. Praw
Holland & Knight LLP

Douglas A. Praw is a partner in Holland & Knight's Los Angeles and Century City offices and serves as the West Coast Real Estate Practice Group Leader.

Ariel B. Robinson
Ariel B. Robinson
Holland & Knight LLP

Ariel B. Robinson is a real estate attorney and serves as the executive partner of Holland & Knight's Century City office.

On-Demand: June 17, 2024

2 hour CLE

On-Demand Video

Receive access to recorded class and earn self-study credit. Recording is made available 5 business days after live broadcast.

Program Summary

Join two seasoned real estate practitioners as they break down a real estate purchase and sale agreement. They will provide an understanding of how the document works, along with the top 10 considerations for buyers and sellers of real property in today’s market.

Key topics to be discussed:

  • Purchase and Sale Agreement
  • Property Valuation and Pricing
  • Due Diligence and Inspections
  • Financing and Contingencies
  • Closing Process and Timeline

Closed-captioning available

Speakers

Douglas A. Praw_myLawCLEDouglas A. Praw, partner | Holland & Knight LLP

Douglas A. Praw is a partner in Holland & Knight’s Los Angeles and Century City offices and serves as the West Coast Real Estate Practice Group Leader. His practice focuses on commercial real estate, including the representation of public and private REITs, public companies, commercial banks, hedge funds, private equity groups, educational institutions, and family office investors in connection with the acquisition, sale, development, leasing, ground leasing, and financing of a variety of asset classes, including office buildings, mixed-use projects, hotels, sports and entertainment districts, medical office buildings, multifamily and residential developments, industrial parks and retail centers. He also provides strategic advice on various public financing and public infrastructure projects. Mr. Praw holds his Series 63 and 82 licenses.

For his extensive experience in a wide range of real estate and public finance matters, Mr. Praw has been selected for inclusion in Chambers USA: America’s Leading Lawyers for Business and has been recognized as one of the top “40 Under 40” most successful and youngest stars of the Southern California real estate industry. Mr. Praw has also written articles published in American City & County magazine, Water Impact, The California Real Estate Journal, Western Real Estate Business and Builder and Developer.

 

Ariel B. Robinson_myLawCLEAriel B. Robinson, partner | Holland & Knight LLP

Ariel B. Robinson is a real estate attorney and serves as the executive partner of Holland & Knight’s Century City office. Ms. Robinson represents private and institutional investors, owners and developers in connection with complex real estate transactions, with an emphasis on acquisitions and dispositions, leasing and development. Ms. Robinson’s experience includes a wide range of asset types, including office and industrial buildings, multifamily projects, land for residential development, and retail, mixed-use and hospitality projects.

Prior to joining Holland & Knight, Ms. Robinson was a partner and executive committee member of a boutique national real estate firm in Los Angeles.

In addition, Ms. Robinson serves as a coach for an annual real estate joint venture competition for law and business students at UCLA, the University of Southern California and University of California, Berkeley.

Agenda

I. Purchase and Sale Agreement | 1:00pm – 1:20pm

  • Introduction to the essential components of a real estate purchase and sale agreement
  • Explanation of key terms and clauses included in the agreement
  • Importance of understanding the legal implications and obligations for both buyers and sellers

II. Property Valuation and Pricing | 1:20pm – 1:40pm

  • Factors influencing property pricing in the current market
  • Negotiation tactics to ensure a fair price for both parties

III. Due Diligence and Inspections | 1:40pm – 2:00pm

  • Importance of conducting thorough due diligence before finalizing the agreement
  • Understanding of common inspections and assessments required for real estate transactions
  • Addressing potential issues discovered during the due diligence process

Break | 2:00pm – 2:10pm

IV. Financing and Contingencies | 2:10pm – 2:40pm

  • Discussion on financing options available to buyers
  • Explanation of contingency clauses and their impact on the transaction
  • Mitigating risks associated with financing and contingencies

V. Closing Process and Timeline | 2:40pm – 3:10pm

  • Step-by-step understanding of the closing process from contract execution to property transfer
  • Discussion on timelines and deadlines outlined in the agreement
  • Roles and responsibilities of various parties involved in the closing process

Credits

Alaska

Approved for CLE Credits
2 General

Our programs are CLE-eligible through Alaska's recognition of multi-jurisdictional reciprocity.
Alabama

Pending CLE Approval
2 General

Arkansas

Approved for CLE Credits
2 General

Our programs are CLE-eligible through Arkansas's recognition of multi-jurisdictional reciprocity.
Arizona

Approved for CLE Credits
2 General

California

Approved for CLE Credits
2 General

Colorado

Approved for Self-Study Credits
2 General

Connecticut

Approved for CLE Credits
2 General

District of Columbia

No MCLE Required
2 General Hours

Delaware

Pending CLE Approval
2 General

Florida

Reciprocity
2.5 General

Receive CLE credit in Florida via reciprocity
Georgia

Approved for CLE Credits
2 General

Hawaii

Approved for CLE Credits
2 General

Iowa

Pending CLE Approval
2 General

Idaho

Pending CLE Approval
2 General

Illinois

Approved for CLE Credits
2 General

Indiana

Approved for CLE Credits
2 General

Kansas

Pending CLE Approval
2 General

Kentucky

Pending CLE Approval
2 General

Louisiana

Pending CLE Approval
2 General

Massachusetts

No MCLE Required
2 General Hours

Maryland

No MCLE Required
2 General Hours

Maine

Pending CLE Approval
2 General

Michigan

No MCLE Required
2 General Hours

Minnesota

Approved for CLE Credits
2 General

Missouri

Approved for CLE Credits
2.4 General

Mississippi

Pending CLE Approval
2 General

Montana

Pending CLE Approval
2 General

North Carolina

Pending CLE Approval
2 General

North Dakota

Approved for CLE Credits
2 General

Our programs are CLE-eligible through North Dakota’s recognition of multi-jurisdictional reciprocity. Section 1, Policy 1.14
Nebraska

Pending CLE Approval
2 General

myLawCLE reports attendance to Nebraska on each attorney's behalf for all programs. Please do not self-report.
New Hampshire

Approved for CLE Credits
2 General

As of July 1, 2014, the NHMCLE Board no longer provides pre- or post-approval of courses. Attendees must self-determine whether a program is eligible for credit, and self-report their attendance online at www.nhbar.org, based on qualification provisions of Rule 53.
New Jersey

Approved for CLE Credits
2.4 General

Our programs are CLE-eligible through New Jersey's recognition of multi-jurisdictional reciprocity, except for the courses required under BCLE Reg. 201:2
New Mexico

Approved for CLE Credits
2 General

Nevada

Approved for CLE Credits
2 General

New York

Approved for CLE Credits
2.4 General

Our programs are CLE-eligible through New York’s Approved Jurisdiction Group “A”.
Ohio

Pending CLE Approval
2 General

Oklahoma

Pending CLE Approval
2.5 General

Oregon

Approved for Self-Study Credits
2 General

Pennsylvania

Approved for CLE Credits
2 General

Rhode Island

Pending CLE Approval
2.5 General

South Carolina

Pending CLE Approval
2 General

South Dakota

No MCLE Required
2 General Hours

Tennessee

Approved for CLE Credits
2 General

Texas

Approved for CLE Credits
2 General

Utah

Pending CLE Approval
2 General

Virginia

Not Eligible
2 General Hours Hours

Vermont

Approved for CLE Credits
2 General

Washington

Approved via Attorney Submission
2 Law and Legal

For CLE course attendance credit, Washington state attorneys must self-apply to the Washington State Bar. myLawCLE will supply Washington state attorneys with the self-application package and instructions on how to gain credit.
Wisconsin

Approved for CLE Credits
2 General

West Virginia

Pending CLE Approval
2 General

Wyoming

Pending CLE Approval
2 General

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