Normally, not in any state. The Statute of Frauds provides that all agreements to a real estate contract must be in writing to be enforceable. BUT, if the court finds that someone acted in good faith on verbal elements and incurred injury as a result, they can modify this. The two legal doctrines involved here are equitable estoppel and part performance; which allow the court to enforce verbal contracts to avoid an unjust result.
No
No, you do not need a real estate license or a broker's license to act as a property manager for a friend in California as long as the friend does not require that licensing. You can have a written or verbal agreement to perform those services.
A life estate must be granted in writing or by a court order by a court of equity.
No. A sale pending implies that the property is under a binding contract.
If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.
AnswerCheck with your state real estate board. But to my knowledge all real estate contracts must be in writing to be binding. Answer Absolutely not. All real estate transactions in the state of Washington must be in writing, and must have a full and complete legal description of the property being sold. (Firth v. Lu, 103 Wn. App. 267 (2000))
When both parties sign the buy sell agreement and earnest money is in escrow.
That is unlikely. Generally, any agreement for the sale of real estate must be in writing and signed by the parties.That is unlikely. Generally, any agreement for the sale of real estate must be in writing and signed by the parties.That is unlikely. Generally, any agreement for the sale of real estate must be in writing and signed by the parties.That is unlikely. Generally, any agreement for the sale of real estate must be in writing and signed by the parties.
The triple net in real estate is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "Nets") on the property in addition to any normal fees that are expected under the agreement, rent, utilities etc.
Phoenix Property has listings all over the state of Arizona but they do not have listings in California. You are required to have a California Real Estate Brokers license to do business in California.
Generally, yes.
Yes it is. If you breach or break the agreement, you can be legally held liable before a court & the company or realtor you signed with could sue you for damages or penalties.