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Do I need to have permission from all tenants in common in order to list it for sale with a real estate broker?
Wiki User
∙ 10y ago
Absolutely. The agent should insist on it. You only have legal authority over your own share. You cannot sign any contract to sell the whole property unless all the other owners have executed a Power of Attorney naming you as their agent with authority to do any acts necessary to sell the property.
Absolutely. The agent should insist on it. You only have legal authority over your own share. You cannot sign any contract to sell the whole property unless all the other owners have executed a Power of Attorney naming you as their agent with authority to do any acts necessary to sell the property.
Absolutely. The agent should insist on it. You only have legal authority over your own share. You cannot sign any contract to sell the whole property unless all the other owners have executed a Power of Attorney naming you as their agent with authority to do any acts necessary to sell the property.
Absolutely. The agent should insist on it. You only have legal authority over your own share. You cannot sign any contract to sell the whole property unless all the other owners have executed a Power of Attorney naming you as their agent with authority to do any acts necessary to sell the property.
Wiki User
∙ 10y ago
Wiki User
∙ 10y agoAbsolutely. The agent should insist on it. You only have legal authority over your own share. You cannot sign any contract to sell the whole property unless all the other owners have executed a Power of Attorney naming you as their agent with authority to do any acts necessary to sell the property.
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What is an estate agent?
Someone whose business is advertising properties for sale or to let-they link owners with buyers or tenants. In the UK, estate agent is the equivalent term to realtor or real estate broker in the US.
What does an estate broker do?
An Estate Broker is a person who acts as the middle man between buyers and sellers of real estate. They help with the transaction.
Does property have to go to probate if one spouse is deceased and the surviving spouse is also listed on the Missouri warranty deed?
It depends on how they took title. The deed by which the couple acquired the property must be a survivorship deed in order to avoid probate. They must have acquired as joint tenants with the right of survivorship or as tenants by the entirety.If they acquired as tenants in common then the decedent's estate must be probated.It depends on how they took title. The deed by which the couple acquired the property must be a survivorship deed in order to avoid probate. They must have acquired as joint tenants with the right of survivorship or as tenants by the entirety.If they acquired as tenants in common then the decedent's estate must be probated.It depends on how they took title. The deed by which the couple acquired the property must be a survivorship deed in order to avoid probate. They must have acquired as joint tenants with the right of survivorship or as tenants by the entirety.If they acquired as tenants in common then the decedent's estate must be probated.It depends on how they took title. The deed by which the couple acquired the property must be a survivorship deed in order to avoid probate. They must have acquired as joint tenants with the right of survivorship or as tenants by the entirety.If they acquired as tenants in common then the decedent's estate must be probated.
Can a real estate broker waive his commission to another person?
A real estate broker can waive a commission at will.
Type of ownership joint tenants with survivorship vs tenants in common?
By owning property as joint tenants with the right of survivorship, when one dies the survivor automatically becomes the sole owner and there is no need for probate. By owning as tenants in common, when one dies their half interest passes to their heirs by will or by the laws of intestacy. In that case their estate must be probated.
How is a real estate broker different from a real estate agent in California?
A real estate "agent" is licensed to practice real estate, but only under the direct supervision of a broker. Without a broker to oversee their activities and take responsibility for their actions a real estate agent is not allowed to practice. There is a trick of language here though, and it has to do with Agency Law. By law, an agent is a person who acts on behalf of someone else. A real estate broker is also called a real estate agent. This is because they are acting as an agent for the buyer or seller in a transaction. So the broker has the legal title of "broker" generally and the title of agent in relation to his or her client. A real estate agent working under a broker is an agent only to the broker, the broker is agent to the client.
What does Tenants-in-Common mean when it is under your brother's name on the papers to a home your mother owns?
The designation Tenants-In-Common (or Tenancy-in-Common) on a title or deed indicates the legal owners of the property. Tenants-in-common also means that on the death of your mother, the estate will own half of the house and your brother the other half. He will either have to buy the other half, or the house will be sold and any profits split between the estate and your brother. If your brother is living with your mother, or paying mortgage/taxes/maintenance/down payment, this is common to protect his investment in the property.
When joint tenants take title to the real estate through the same instrument it is called?
Joint tenants must take title under the same instrument and that instrument is called a deed. Under the common law joint tenants must acquire the same interest at the same time. A joint tenancy is based on the legal theory that the tenants own one estate- together. Therefore, when one dies their interest is extinguished and the survivor is now the sole owner of the estate. Note also that property can be acquired as joint tenants pursuant to a will that specifically states the property so devised is to be held as joint tenants.
What makes a real estate broker different from a real estate agent?
Real estate broker & Real estate agent are same both of them will do the same job.Answer:Real Estate Brokers required to have more experience and education, than agents. And also a real estate agent may be a person who works under a registered broker.
Can A Texas Real Estate Broker take a Net Listing?
Yes, texas real estate broker can take a net listing.
What if a house is willed to 2 people and not included in the estate do both have the same rights?
In order for something to be willed to someone, it has to be in the estate. Both individuals will have equal rights to the property as tenants in common.
When there is three owners of a house and one dies is the house part of the dead person estate?
That will depend on the deed and what the ownership is. If it is a right of survivorship, no, it is not a part of the estate. If they are listed as tenants in common, yes, the estate has a claim to part of the property.
