Updates from Sarah

INMAN IS THIS MONTH!

Inman Connect New York Conference – Register Here

April 19th-21st, 2022

DISCOUNTED PRICE for Tru Realty Agents!

Inman Connect is the leading event for the residential real estate community — a 3-day exploration and celebration of the glorious, complicated, rapidly evolving real estate marketplace. It’s where agents, brokers, executives, tech and finance professionals, entrepreneurs and investors, and more gather to learn, share, and forge essential relationships. It’s where ideas are nurtured, tribes are found, and careers are built. It’s the place to be this April —  at Inman Connect New York.

Get Your Ticket Here

Agent Trainings

James Rembert: Marketing & Online Branding

Date: April 4th

Time: 11AM-12PM PST

Where: Virtual Training – Click here to open Zoom

James Rembert: Advertising Tips & Techniques

Date: April 8th

Time: 9AM-10AM PST

Where: Virtual Training – Click here to open Zoom

Chime Monthly Training: Lead Generation

Date: April 6th

Time: 9AM-10AM PST

Where: Virtual Training – Click here to open Zoom

Brokermint Training

Date: April 6th

Time: 12PM – 1PM PST

Where: Virtual Trainings – Click here to open Zoom link

Brokermint Training

Date: April 20th

Time: 12PM – 1PM PST

Where: Virtual Trainings – Click here to open Zoom link

Real Estate Test Strategies With The Brokers

April 6th – 11am – 11:30am PST

Where: Virtual Training – Click here to open Zoom

 

Real Estate Test Strategies With The Brokers

April 13th – 11am – 11:30am PST

Where: Virtual Training – Click here to open Zoom

 

Real Estate Test Strategies With The Brokers

April 20th – 11am – 11:30am PST

Where: Virtual Training – Click here to open Zoom

 

Real Estate Test Strategies With The Brokers

April 27th – 11am – 11:30am PST

Where: Virtual Training – Click here to open Zoom

 

Buyer Side Contract Training (AZ)

Date: April 12th

Time: 1PM – 3PM PST

Where: Virtual Training – Click here to open Zoom

Seller Side Contract Training (AZ)

Date: April 14th

Time: 1PM – 3PM PST

Where: Virtual Training – Click here to open Zoom

Broker Roundtable (AZ)

Date: April 19th

Time: 11AM-12PM PST

Where: Virtual Training – Click here to open Zoom

Brand Ambassadors Corner!

Hello everyone!

Do you have a passion for networking? Do you want to get to know your fellow Tru Agent? If you are you interested in organizing Tru Agents, let us know! We have started a new initiative for Brand Ambassadors!

Broker Update

Who has authority to sign???

 

Occasionally we come across a buyer entity or a seller entity who is an LLC, a Corporation, a Trust or even an Estate.

The questions that usually arise are…”who has authority to sign? What happens if they want to sign with a Power of Attorney? How do we prepare the purchase contract?” To help answer these questions, we put together a few scenarios that will help explain.

POWER OF ATTORNEY – A.K.A Limited or Durable POA for real estate transactions. The “Attorney-in-Fact” may sign for the Buyer or Seller provided the POA is properly signed by the principal and an unrelated witness. Both the witness and the principal’s signatures must be notarized. The POA must specifically grant power to sign for a specific transaction. The POA will need to be recorded at the time of the real estate transaction.

TRUST Only the names of the trustee(s) or properly installed successor Trustee(s) may sign to convey property into or out of a trust. The trust agreement controls the activities of the Trustee(s) and any authority granted must be clearly stated in the Trust agreement. Remember a Trustee may not give POA to any other party unless the Trust Agreement specifically provides for it.

ESTATE Usually, a probate will be required prior to conveying real property out of an estate. The Probate will name a Personal Representative who has the authority to sign conveyance documents. Remember, a Will does not alway grant the power to sell.

DIVORCE A Divorce Decree may or may not be sufficient to authorize a person to sell property jointly owned prior to a divorce. If the court “grants and conveys” real property to one of the parties, this would be a legal conveyance as long as the document is recorded. If the court “awards” the property to one of the parties, this type of decree would require the other party to execute and convey a deed to the awarded party. There must actually be a granting of the property in the public record, either by the court in the divorce decree or by the spouse on a deed.

CORPORATION Whenever a corporation, such as a bank with an REO property conveys real property, a corporate resolution naming the authorized signer must be provided. The resolution must be signed by an officer of the corporation who is not the named signor. Additionally the entity must be legally authorized to do business in the State of Arizona and be in good standing.

LLC – Whenever an LLC is the buyer or seller of real property, The LLC;s articles of organization approved by the Arizona corporation commission. The LLC;s Operating agreement signed by all of the LLC members. If a TRUST is also a member of the LLC, the trust agreement will be needed as well. When it’s time to prepare the purchase or listing agreement, the seller or buyer will be the entity and the signor will be the authorized individual. We realize sometimes it appears we are picky about documents and we require a lot to be uploaded in Brokermint, but the last thing we want is for you to list a property that cannot be sold, or have a long delay in the process. The title company will be requiring many of these documents in order to satisfy title insurance requirements. If you are listing a property with one of the above scenarios, it is a good idea to obtain a prelim title report from one of our preferred title partners. This way, any potential title requirements could be dealt with prior to going into escrow. As always, let us know of any questions. This information is provided as a guide and is not intended to be construed as legal advice. Buyers and Sellers should always seek legal counsel, if they have any questions or concerns on how to take or convey title.

TC Services

Don't Forget...

We offer TC Services for you. Let us handle the heavy lifting of paperwork while you focus on your business growth.

For Information Contact
Kim LaMantia
480-327-6700
transactions@trurealty.com

HAPPY BIRTHDAY!

Ryan Banks – 4/2

Tia Peterson – 4/4

Tena Sterritt – 4/8

Grace Carpenter – 4/7

Jordan Canzoneri – 4/13

Julie Miachika – 4/14

Nikki Steinman – 4/17

Jack Schtierman – 4/28

Michel Felix – 4/28

Rochelle McPhee – 4/29

Tru Merch Store

Ready for your Tru Realty Swag? Get your gear today!

Get started here!

Tru Realty Calendar