TBA's annual basics-level real estate CLE will take place virtually on June 3. This two-session introductory program provides attorneys with a practical and timely overview of key issues impacting real estate practice in Tennessee.

The program begins with Tennessee Commercial Real Estate 101, an introduction designed for newer attorneys and those new to commercial real estate specifically. The second session, FIRPTA, FinCEN & Cash Reporting – Let’s Not Make the IRS Your New Best Friend!, looks at critical federal compliance requirements affecting real estate transactions.

Make plans now to join us for this informative CLE!

Schedule:

12:00 - 1:30pm CT: Tennessee Commercial Real Estate 101 - Kirby Yost

This CLE presentation provides a practical, roadmap-style introduction to commercial real estate transactions in Tennessee, tailored specifically for newer attorneys and those new to the commercial real estate practice area. The presentation also covers some commercial leasing fundamentals—focusing on rent structures, maintenance obligations, and default remedies.

Attendees will gain a solid foundation in the essential elements of commercial purchase and sale agreements, including negotiation strategies, due diligence requirements, and risk allocation through representations and warranties. Throughout, the program emphasizes real-world application through practical tips and common mistakes to avoid for commercial real estate practice in Tennessee.

1:30 - 1:45pm CT: Break

1:45 - 3:15pm CT: FIRPTA, FinCEN & Cash Reporting – Let’s Not Make the IRS Your New Best Friend! - Andy Maloney

In today’s tightly regulated real estate market, a single misstep with FIRPTA withholding, a missed FinCEN filing, or improper cash reporting can quickly turn a routine transaction into an expensive compliance headache. This practical and engaging seminar cuts through the complexity and delivers clear, actionable guidance on the key federal requirements you need to know:

• FIRPTA: How to properly handle sales involving foreign sellers, calculate withholding correctly, manage exemptions, and complete IRS Forms without unnecessary stress or penalties.
• FinCEN Reporting Rule: Is it happening or not?!?  With cases working their way through the Courts, what are we supposed to do?
• Cash Reporting: Learn when cash payments over $10,000 trigger IRS reporting, how aggregation rules work, what counts as “cash,” and how to avoid costly mistakes.

Through real-world examples, common pitfalls, and useful checklists, you’ll gain the knowledge and tools needed to protect yourself and your clients while keeping deals on track.

SAVE MONEY: Use the prepaid CLE credits that come with your TBA Complete Membership. Not a TBA member? Join now to start saving. Not a Real Estate Law section member? Join the section to receive additional savings.