1,196,798
To be a professional you need to know about your profession and when to seek legal advice
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Anthony Acosta - ALLAT...
Atlanta, GA
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Richard Weeks
Dallas, TX
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Dan & Laurie Pittsenba...
Bellingham, WA
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Nina Hollander, Broker
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
2,390,620
kennith Frazier there is plenty to learn about RE without stepping outside our expertise and into the legal profession.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Doug Dawes
Topsfield, MA
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Anthony Acosta - ALLAT...
Atlanta, GA
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Dan & Laurie Pittsenba...
Bellingham, WA
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Nina Hollander, Broker
Charlotte, NC
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kennith Frazier
Ogden, UT
6,393,609
Important to know, but leave the advising on this to their attnys
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Anthony Acosta - ALLAT...
Atlanta, GA
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Dan & Laurie Pittsenba...
Bellingham, WA
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Nina Hollander, Broker
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Bob Crane
Stevens Point, WI
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Doug Dawes
Topsfield, MA
5,583,278
we don't give legal advice....questions on forms of ownership should be answered by an attorney....especially if the buyer wants guidance....DON'T PLAY ATTORNEY..... but you should know the definition of each of the forms of ownership...
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Anthony Acosta - ALLAT...
Atlanta, GA
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Dan & Laurie Pittsenba...
Bellingham, WA
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Nina Hollander, Broker
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Bob Crane
Stevens Point, WI
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Doug Dawes
Topsfield, MA
1,045,440
How is knowing the Gas Pedal from the Brake important when driving a car?
Knowledge and expertise are important when you strive to be your best. Good real estate agents do what they have to in order to "Get By"
Great agents, learn all they can and never stop looking for ways to learn more so they are best able to help their clients get the absolutely best results that matter most to them.
At least that is the approach I have been using for years in my market in Northern Virginia.
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Krista Jenkins, REALTOR®
Lubbock, TX
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
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Jane Turney
Allentown, PA
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Dave Martin (703) 585-...
Fairfax, VA
1,725,996
It is RE 101. You must know and fully understand it to guide your clients. The final decision on how to take ownership should be subject to review of their lawyer.
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
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Dan & Laurie Pittsenba...
Bellingham, WA
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Nina Hollander, Broker
Charlotte, NC
10,968
Thank you everyone they failed to inform me it was something for the legal team to deal with.
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
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Dan & Laurie Pittsenba...
Bellingham, WA
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Nina Hollander, Broker
Charlotte, NC
2,220,654
Good luck with your studies.
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
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Anthony Acosta - ALLAT...
Atlanta, GA
469,510
It's important simply so one is hatted in their profession and so an agent understands the situation so they know what they area dealing with. Again it's important to know and understand - not give legal advice to clients.
So said another way, I clients is telling you about a situation they are in. If say a partner is telling them that they must sell their interest to them an no others. If you don't know anything you may simply sit their and say OK or listen politely and then do nothing. If you know something you can say hey, that sounds funny, better get in touch with an attorney before making any verbal or written agreements with this partner or any kind.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
2,178,603
It is good to know and understand the various forms of ownership but not something you should be making any recommendations on.
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
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Dan & Laurie Pittsenba...
Bellingham, WA
5,216,409
Good practical knowlwedge, but leave the advice to the atorney's!
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
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Dan & Laurie Pittsenba...
Bellingham, WA
5,104,931
I don't advise on the legalities of ownership, but that doesn't mean you shouldn't know about them.
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
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Dan & Laurie Pittsenba...
Bellingham, WA
7,836,419
You need to know how to advice your clients.
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
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Dan & Laurie Pittsenba...
Bellingham, WA
1,239,901
Sounds like you are studying on note prepared before 1970s. Laws have changed.
This question is not relevant. You can lose your license give clients legal advice. Only lawyer, title company can explain how it is recorded.
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Bob "RealMan" Timm
Minot, ND
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Diana Zaccaro Broker A...
Cocoa Beach, FL
1,502,998
Like has been said before, know it for the exam but that's the extent. Leave the advising up to escrow/title/lawyers.
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Bob "RealMan" Timm
Minot, ND
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Diana Zaccaro Broker A...
Cocoa Beach, FL
1,090,922
It's important to know they exist and have a general knowledge of what they are but beyond that it is something for an attorney to handle. If we give legal advice, it is considered the unlicensed practice of law. Your state may be different in how they view it.
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
5,772,575
I agree with Doug Dawes .
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
417,221
Is it a community property state? Is spouse on title? Is there a legal divorce? Will you have to track down the spouse and pay them to sign off? Who is real owner? Just a few questions you will start with...
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
4,882,705
Important in that it might be a question on your real estate exam. It is knowledge; however rarely used and I would never tell a client how to take ownership of a property.
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
508,318
It is important because ownership comes with rights and responsibilities. You may someday have to invoke your rights or take responsibility for what happens to that property.
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
2,071,025
1,598,452
5,049,466
It's important to understand but advice for a client should come from title or an attorney
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Bob "RealMan" Timm
Minot, ND
5,868,554
1,311,397
It is important to let your clients know that their is more than one way to hold ownership and some are more advantageous than others. Details and advice should be from an attorney.
3,345,091
2,415
The better you can educate and guide your clients, the more you will gain a reputation for being a solution provider. This is key to being successful in real estate.
1,712,676
52,597
If you want to pass the real estate exam, you best know about the forms of ownership. There is a differnece between giving legal advice and being a competent real estate agent. We are expected to know or we would not be tested on it at the state and national level.
3,986,258