Effective with the February 2017 administration, there will be changes to the Real Property scope of coverage for the MBE and the MEE.
New topics will include conflicts of law, property owners’ associations and common interest ownership communities, drafting, review, and negotiation of closing documents, and persons authorized to execute real estate documents.
Minor modifications will include providing specific examples of rules affecting future interests, including security deposits in termination of tenancies, providing more detailed zoning topics, and including as separate topics transfers of restrictive covenants, transfers of easements, profits, and licenses, and acceleration of loans before foreclosure.
Real Property topics will no longer include application of Article 9 of the Uniform Commercial Code to fixtures or abatement of devises.
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