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Rainmaker
1,051,681
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

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
Rainmaker
877,664
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I leave that to the Real Estate attorneys

Apr 02, 2020 08:16 PM
Rainmaker
1,749,024
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

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
Rainmaker
578,445
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando 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
Ambassador
2,352,990
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

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

Apr 02, 2020 06:38 PM
Ambassador
1,739,731
Alan May
Jameson Sotheby's International Realty - Evanston, IL
There's no place like home.

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
Rainmaker
5,892,614
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Apr 03, 2020 09:21 AM
Rainmaker
2,887,471
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

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
Rainer
274,987
Caroline Gerardo
Sun West Mortgage Corporation - 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
Rainmaker
697,404
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
Rainmaker
4,929,470
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
Rainmaker
485,251
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
Rainmaker
3,643,167
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
Rainmaker
3,185,203
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
Ambassador
4,255,890
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
Rainer
212,643
Sharon Altier, SFR
Lawton Realty Group, Inc. - Elmhurst, IL
Your Real Estate Partner

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

 

Apr 02, 2020 09:30 PM
Ambassador
2,962,557
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
Rainmaker
2,558,650
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