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In real estate the person who acts for and with the authority of another is called?
In real estate, the person who acts for and with the authority of another is called an "agent." The agent represents the interests of their client, often referred to as the principal, and is responsible for facilitating transactions, negotiations, and other activities on behalf of that principal. The relationship between the agent and the principal is typically formalized through a written agreement, outlining the agent's duties and responsibilities.
What else can I help you with?
Can a real estate broker waive his commission to another person?
A real estate broker can waive a commission at will.
Personal property that is included with real estate is called?
A person's real property and personal propertymakes up what we call their estate.
What is a bare life estate?
Can the remainder of a bare life estate transfers their remainder interest to another person while the life tenant is still alive.
What if the insured of a life insurance policy does not own an estate?
Normally an insured person on a life insurance policy lists another person as his beneficiary. If that person dies first, then when the insured person dies, it goes to his estate. In that case, the term estate does not refer to a piece of land. Estate refers to all of his property: Bank accounts, Insurance policies, unused IRAs, etc. Some of them may be designated and others not. Whatever he owned when he died is his estate as far as the law is concerned.
What is a freehold lease?
A freehold lease may refer to the lease of land that belongs to another person. Your question is confusing because a freehold estate is the right to the use and possession of land for an indefinite period and a leasehold estate is a lease of land that belongs to another.
What is a person who disciplines another called?
This person would be referred to as one who advocates discipline ( disciplinarian ).
Can a person who has been named executor of an estate issue a power of attorney to another person to act in their behalf in the matters of the deceased's estate?
AnswerNo, they cannot execute a POA. In most jurisdictions they could file an Appointment of Agent with the probate court authorizing another person to act in their stead.
What is the difference between a power of attorney and an executor of estate in terms of their roles and responsibilities?
A power of attorney is a legal document that gives someone the authority to make decisions on behalf of another person while they are alive. An executor of an estate is responsible for managing and distributing a deceased person's assets according to their will. The main difference is that a power of attorney's authority ends upon the person's death, while an executor's responsibilities begin after the person has passed away.
What a Executive of a estate?
An executor (not executive) is the person who has the authority to administer the decedent's estate. He/She is appointed by a court with probate jurisdiction. He/She is usually appointed in the decedent's Will.
What is the name of the person who effects the transfer of real property when a person dies?
When a person dies the court must appoint a person with authority to settle the estate. The real property can then be transferred by the executor of the Will or the court appointed administrator of the estate if the decedent died intestate (without a Will). Generally, the executor may have granted the authority to sell the property in the Will. Otherwise the executor must obtain a license to sell from the court. If the decedent had no Will then the court must appoint an administrator who must obtain a license to sell the real estate from the court. In some jurisdictions the person appointed by the court is called a personal representative or estate representative.
Does guardian of estate have more power than administrator of estate?
No. A guardian of an estate is the person appointed by the court to manage the property of a living person (the ward) who is incapable of managing their own property. The guardian's power and authority expire immediately upon the death of the ward but the guardian must file a final account with the court that details any assets that came in to the ward's estate since the last account and any that went out.The administrator of an estate is the person appointed by the court who has the authority to settle the estate of the decedent, or the person who has died. The administrator has the responsibility and authority to file an inventory of the decedent's estate with the court and has the legal standingto file a motion to compel the guardian to file their final account.
What is a real estate person called?
Realtor
If more than one poa is on a estate can one break it?
A Power of Attorney is extinguished when the principal has died. A POA is not connected to a person's estate. An executor or administrator has the authority to handle a person's estate and they can only be appointed by a probate court.
When all power and authority rests with one person it is called a what?
When all power and authority rests with one person, it is called a dictatorship or autocracy.
Can a real estate broker waive his commission to another person?
A real estate broker can waive a commission at will.
Can a relative sign a quit claim deed if no estate has been open?
No. If an person dies owning property their estate must be probated in order for title to pass to the heir(s) legally. Until the estate is probated no one has the authority to convey the property by deed because they don't own the property.No. If an person dies owning property their estate must be probated in order for title to pass to the heir(s) legally. Until the estate is probated no one has the authority to convey the property by deed because they don't own the property.No. If an person dies owning property their estate must be probated in order for title to pass to the heir(s) legally. Until the estate is probated no one has the authority to convey the property by deed because they don't own the property.No. If an person dies owning property their estate must be probated in order for title to pass to the heir(s) legally. Until the estate is probated no one has the authority to convey the property by deed because they don't own the property.
What do you call a person who has the authority to sign a check?
A person who has the authority to sign a check is typically called a signatory or an authorized signer.
