What is the best way to explain the different types of deeds to a client with little real estate experience?

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Rainmaker
1,553,599

Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets

Big Block Realty 858.232.8722 - La Jolla, CA

CEO of Vision Drive Realty - Coastal San Diego

YOU DO NOT.

Let title, escrow, lawyer or CPA do so. How title is held i.e. the deed type is exceeding your license to explain.

Apr 02, 2020 06:48 PM

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7

Ron and Alexandra Seigel

Carpinteria, CA
Eve Alexander

Tampa, FL
Brenda Mayette

Glenville, NY
Jeff Dowler, CRS

Carlsbad, CA
Sharon Altier

Elmhurst, IL
Doug Dawes

Topsfield, MA
Bob "RealMan" Timm

Minot, ND

Rainmaker
1,201,652

Doug Dawes

Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA

Your Personal Realtor®

I leave that to the Real Estate attorneys

Apr 02, 2020 08:16 PM

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Ron and Alexandra Seigel

Carpinteria, CA
Kathleen Daniels, Prob...

San Jose, CA
Eve Alexander

Tampa, FL
Doug Dawes

Topsfield, MA

Rainmaker
2,400,450

Bob "RealMan" Timm

Ward County Notary Services - Minot, ND

Owner of Ward Co Notary Services retired RE Broker

The best way for a Real Estate agent to explain the type of deeds is to give them directions to an attorney and/or the Title company Jadden Cranney

Apr 02, 2020 07:04 PM

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3

Ron and Alexandra Seigel

Carpinteria, CA
Kathleen Daniels, Prob...

San Jose, CA
Doug Dawes

Topsfield, MA

Rainmaker
613,494

Eve Alexander

Buyers Broker of Florida - Tampa, FL

Exclusively Representing ONLY Tampa Home Buyers

DON'T DO IT!

You would be practicing law without a license.

The buyer may rely on the info that you give him which may not be the best for their situation.

Tell your instructor that...

Eve

Apr 03, 2020 06:26 AM

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2

Ron and Alexandra Seigel

Carpinteria, CA
Kathleen Daniels, Prob...

San Jose, CA

Ambassador
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Wanda Kubat-Nerdin - Wanda Can!

Red Rock Real Estate (435) 632-9374 - St. George, UT

St. George Utah Area Residential Sales Agent

Should be in your study material Jadden. Wish you well!

Apr 02, 2020 06:38 PM

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2

Doug Dawes

Topsfield, MA
Bob "RealMan" Timm

Minot, ND

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Alan May

Jameson Sotheby's International Realty - Evanston, IL

Home is where the hearth is.

I don't think you'll find a lot of title officers haunting the Q&A section of Active Rain.

Apr 02, 2020 06:27 PM

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2

Doug Dawes

Topsfield, MA
Bob "RealMan" Timm

Minot, ND

Rainmaker
7,864,157

Roy Kelley

Retired - Gaithersburg, MD

Understand their options and refer them to a trusted local settlement attorney or title company.

Apr 03, 2020 09:21 AM

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1

Ron and Alexandra Seigel

Carpinteria, CA

Ambassador
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Kathleen Daniels, Probate & Trust Specialist

KD Realty - 408.972.1822 - San Jose, CA

Probate Real Estate Services

Don't Do It.

We are not licensed or insured to explain this. Attorney, title, escrow officer, or CPA can do this.

Apr 03, 2020 08:45 AM

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1

Ron and Alexandra Seigel

Carpinteria, CA

Rainer
420,003

Caroline Gerardo

Licensed in 20 states - Newport Beach, CA

C. G. Barbeau the Loan Lady nmls 324982

Refer to title officer, lender, attorney - there are about 50 ways to choose most common is Joint Tenancy

Apr 03, 2020 08:33 AM

Upvote

1

Ron and Alexandra Seigel

Carpinteria, CA

Rainmaker
853,132

Brenda Mayette

Miranda Real Estate Group, Inc. - Glenville, NY

Getting results w/ knowledge & know-how!

I let the attorney do it. :)

Apr 03, 2020 06:04 AM

Upvote

1

Kathleen Daniels, Prob...

San Jose, CA

Rainmaker
5,772,587

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

The best way is not to do it. This is something a PROFESSIONAL CPA or title officer should answer...not in your license scope. A

Apr 03, 2020 07:43 PM

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Rainmaker
647,610

Greg Large

ERA Real Solutions - Grove City, OH

A Tradition of Trust

easy, all YOU need to do is explain if they want an explanation of deeds is they need to speak to an attorney.

Apr 03, 2020 09:31 AM

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Rainmaker
5,240,047

Wayne Martin

Wayne M Martin - Chicago, IL

Real Estate Broker - Retired

Provide them referrals to title companies and attorneys!

Apr 03, 2020 05:27 AM

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Rainmaker
3,416,038

Scott Godzyk

Godzyk Real Estate Services - Manchester, NH

One of the Manchester NH's area Leading Agents

Typiclly you can talk aboout what the different types of deeds are, but NO way should you help them decide what is best for them. I let the closing attorneys discuss that

Apr 03, 2020 05:22 AM

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Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

You recommend that they discuss this with a title officer, real estate attorney or CPA. It's NOT your job as a Realtor!

Apr 02, 2020 09:49 PM

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Rainer
216,904

Sharon Altier

Coldwell Banker Realty - Elmhurst, IL

Luxury Property Specialist, CSC, SFR

Refer them to their real estate attorney to determine what may be best for them.

Apr 02, 2020 09:30 PM

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Tammy Lankford,

Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA

Broker GA Lake Sinclair/Eatonton/Milledgeville

well first you'd need to get a law degree and be a member of the bar, then you can proceed with the practice of law, until then if you get a real estate license just refer those kinds of questions to a title company or attorney.

Apr 02, 2020 08:55 PM

Upvote

Rainmaker
2,784,726

Richie Alan Naggar

people first...then business Ran Right Realty - Riverside, CA

agent & author

Get familiar with need to know i.e. the concept of finding something out because you have to. Also known as a learning curve, risk, challenge and growth, it is the best teacher by far. Knowledge in general serves no purpose

Apr 02, 2020 08:18 PM

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YOU DO NOT.

Let title, escrow, lawyer or CPA do so. How title is held i.e. the deed type is exceeding your license to explain.
The best way for a Real Estate agent to explain the type of deeds is to give them directions to an attorney and/or the Title company Jadden Cranney
DON'T DO IT!

You would be practicing law without a license.

The buyer may rely on the info that you give him which may not be the best for their situation.

Tell your instructor that...

Eve
I don't think you'll find a lot of title officers haunting the Q&A section of Active Rain.
Understand their options and refer them to a trusted local settlement attorney or title company.
Don't Do It.

We are not licensed or insured to explain this. Attorney, title, escrow officer, or CPA can do this.
Refer to title officer, lender, attorney - there are about 50 ways to choose most common is Joint Tenancy
The best way is not to do it. This is something a PROFESSIONAL CPA or title officer should answer...not in your license scope. A
easy, all YOU need to do is explain if they want an explanation of deeds is they need to speak to an attorney.
Typiclly you can talk aboout what the different types of deeds are, but NO way should you help them decide what is best for them. I let the closing attorneys discuss that
You recommend that they discuss this with a title officer, real estate attorney or CPA. It's NOT your job as a Realtor!
Refer them to their real estate attorney to determine what may be best for them.
well first you'd need to get a law degree and be a member of the bar, then you can proceed with the practice of law, until then if you get a real estate license just refer those kinds of questions to a title company or attorney.
Get familiar with need to know i.e. the concept of finding something out because you have to. Also known as a learning curve, risk, challenge and growth, it is the best teacher by far. Knowledge in general serves no purpose