Brooklyn Bar Association is ready for the new property condition disclosure law
The Brooklyn Bar Association is set to host a Continuing Legal Education (CLE) seminar on March 5 that will address the amendments to the New York State Property Condition Disclosure law that will go into effect on March 20. The session, scheduled from 5 to 7 p.m., will be available both in person and via Zoom, offering 2 Professional Practice Credits to participants.
This CLE will feature a distinguished panel comprising Mark Caruso and Lawrence DiGiovanna of Abrams Fensterman along with the Hon. Philip Stranieri, former supervising judge of the Civil Court, Richmond County.
The focus of the event will be the recent overhaul of the Property Condition Disclosure law, a statute that has governed residential real estate transactions in New York since its inception in 2002. The amendment includes the removal of the $500 opt-out fee for sellers and the inclusion of detailed questions concerning the property’s flood history and flood insurance details.