Storm Front: Resiliency to Forces of Nature
Storms strike New York more frequently with each passing year. Out of nowhere your smooth transaction might be blown apart through forces of nature. So, be prepared. An agent should know the nuances between different terms appearing within a Risk of Loss Clause in a contract of sale and how prepossession agreements change the playing field. An agent should understand the varying property insurance endorsements that are available for floods and windstorms. And, unfortunately, an agent must be prepared to guide their client’s relocation should their commercial property experience a total loss. In this instance, familiarity with Industrial Development Agencies and their tax saving function is required, especially if the client wishes a helping-hand in navigating land use regulations, construction and the varying municipal agencies that must approve a new development or rental. This course will drive real estate agent’s understanding of resiliency. The storm front is coming.
Credits: 3.00 CE Hours