Estates and Listing Agreements

Estates and Listing Agreements

In this video Deirdre P Brown explains how to identify a seller in a listing agreement and sales contract when the property owner is deceased.

TRANSCRIPT

Hello this is Deirdre Brown your settlement agent serving Maryland, DC and Virginia. Today I want to answer a question that was presented on my website close with dee dot com. The listing agent wanted to know what should she do when writing a listing agreement and the seller is an estate.

The easiest way to describe this is that the seller is still the deceased person because they are still in title. So in this case let's say that this each person is John Miller and John has a personal representative and her name is Jane Miller. John's name will go any place you see seller so on the sales contract and the listing agreement and on addendums.  Jane will sign on behalf of John because she's the personal representative and she's going to sign it as "John Miller by Jane Miller his personal representative". 

This is similar language that you're going to use if there is a conservatorship or a guardianship and so in that case would be "John Miller by Jane Miller his conservatory" or "his guardian".

if you have additional questions please reach out to me at info@closewithdee.com

 

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