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An "agent-owned property" is any property that is owned by a licensed real estate salesperson/agent or broker.
Most states require licensed individuals to disclose this info if they're selling their own place, in order to give potential buyers a heads-up that they won't be dealing with the traditional seller/seller's agent setup.
Also, this disclosure makes unrepresented potential buyers (those who don't have a buyer's agent) who might be considering an agent-owned "for sale by owner" property aware that there is the potential for conflicts of interest.
In practice, there isn't much of a difference between a "normal" property and an "agent-owned" property. In both cases, potential buyers must deal with a seller's agent...only in the case of "agent-owned" properties, the seller's agent doesn't have to consult with a seller before making decisions, which could result in things going faster & smoother.
As a potential buyer, if you are unrepresented, be sure to get a real estate attorney and a licensed real estate appraiser (ask friends & family for a recommendation). If you are represented, your buyer's agent should be able to recommend both an attorney and an appraiser to you. This way you'll be protected from problems with both the contract & the property (this goes for "normal" and "agent-owned" properties).
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What is a Trust Res?
The property owned by a trust is the trust res.The property owned by a trust is the trust res.The property owned by a trust is the trust res.The property owned by a trust is the trust res.
What is the best way to buy a house that is bank owned?
Bank owned properties are those where owners have had the house repossessed. There are different stages at which negotiations can be made but using an agent who specialises in bank owned property is the best option.
Can a property that was sold for taxes be included in an estate?
No. That property was no longer owned by the decedent if it was sold for unpaid property taxes.No. That property was no longer owned by the decedent if it was sold for unpaid property taxes.No. That property was no longer owned by the decedent if it was sold for unpaid property taxes.No. That property was no longer owned by the decedent if it was sold for unpaid property taxes.
What is another name for real estate agent?
Property Dealer, Property Consultant and Property Agent.
What percentage of property in California is privately owned?
Approximately 75% of land in California is privately owned, with the remaining 25% consisting of public land owned by the state or federal government.
What percentage of the proceeds is due to the wife when a property is sold?
If the property is owned jointly, the wife is entitled to 50% of the proceeds.If the property is owned jointly, the wife is entitled to 50% of the proceeds.If the property is owned jointly, the wife is entitled to 50% of the proceeds.If the property is owned jointly, the wife is entitled to 50% of the proceeds.
What is considered part of an estate when someone dies?
Any property solely owned by the decedent at the time of their death.Any property solely owned by the decedent at the time of their death.Any property solely owned by the decedent at the time of their death.Any property solely owned by the decedent at the time of their death.
Is a house and truck part of an estate?
If owned by the decedent, yes. Any property owned by the decedent at the time of death is part of their estate.If owned by the decedent, yes. Any property owned by the decedent at the time of death is part of their estate.If owned by the decedent, yes. Any property owned by the decedent at the time of death is part of their estate.If owned by the decedent, yes. Any property owned by the decedent at the time of death is part of their estate.
What is property owned by individuals or companies?
private property
What if you live in a community property state and on spouse owned property before the marriage if they divorce what are the spouses rights?
Property owned prior to marriage is not considered community property unless it was converted to community property by some action by the parties.Property owned prior to marriage is not considered community property unless it was converted to community property by some action by the parties.Property owned prior to marriage is not considered community property unless it was converted to community property by some action by the parties.Property owned prior to marriage is not considered community property unless it was converted to community property by some action by the parties.
Why could only white men over 21 who owned property could vote in 1789?
If they owned property.
There was no will. For property held in trust owned by three people one won't sign to sell. What can be done?
If the property is owned by a trust then you need to review the document that created the trust to determine how it can be sold. Generally, the trustee can sell the property but that authority must be granted in the trust document.Note that either the property is owned by a trust or it is owned by three people. You cannot have it both ways.If the property is owned by a trust then you need to review the document that created the trust to determine how it can be sold. Generally, the trustee can sell the property but that authority must be granted in the trust document.Note that either the property is owned by a trust or it is owned by three people. You cannot have it both ways.If the property is owned by a trust then you need to review the document that created the trust to determine how it can be sold. Generally, the trustee can sell the property but that authority must be granted in the trust document.Note that either the property is owned by a trust or it is owned by three people. You cannot have it both ways.If the property is owned by a trust then you need to review the document that created the trust to determine how it can be sold. Generally, the trustee can sell the property but that authority must be granted in the trust document.Note that either the property is owned by a trust or it is owned by three people. You cannot have it both ways.
