If there are 4 sellers and one of them is a trust, do you need a trust listing agreement or will a regular listing agreement do?
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If there are 4 sellers and one of them is a trust, do you need a trust listing agreement or will a regular listing agreement do?
The seller who has the trust is the one that is also the signee for all of the other owners by power of attorney. Are they exempt from any of the regular trust exemptions?
Asked on December 3, 2012 under Real Estate Law, California
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Given what you have written as to the sellers, the one seller who is the trustee under the trust will need to sign the lisitng agreement individually and a second time as the designated trustee of the trust holding title to the subject real property that is being desired to be sold under the laws of all states in this country.
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