Corporate Resolution To Sell Real Estate Without A License In Bexar

State:
Multi-State
County:
Bexar
Control #:
US-0031-CR-10
Format:
Word; 
Rich Text
Instant download

Description

The Corporate Resolution to Sell Real Estate Without a License in Bexar is a formal document utilized by corporations to authorize the sale of real estate while bypassing licensing requirements. This resolution is adopted by the shareholders and/or directors during a meeting and must clearly state the action being authorized. Essential details, including the date of the meeting and signatures of the approving directors or shareholders, must be included for validity. The form includes a certification from the Secretary of the corporation, affirming the accuracy of the record. It is particularly valuable for attorneys, partners, owners, associates, paralegals, and legal assistants working within real estate or corporate law, as it serves to streamline sales processes and ensure compliance with local regulations. Users should focus on accurately completing the form with specific details about the corporation and the authorized actions. Filling instructions emphasize the need for clarity and completeness to avoid potential disputes. Overall, this resolution provides necessary legal backing for corporate actions related to real estate transactions in Bexar.

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FAQ

While all states require anyone acting as a real estate agent or broker to first obtain a proper license, those laws do not prevent property owners from acting on their own behalf. This means, for example, that you can sell your own property, or buy real estate, without having a real estate license.

Someone who conducts real estate brokerage activity without a license, as well as a broker or sales agent who employs that unlicensed individual, commits a Class A misdemeanor, which is a fine up to $4,000 or confinement in jail for a term up to one year, or both.

In the event that a company decides to sell its property, it will require a corporate resolution to sell real estate. This is a straightforward document that cites the name of the buyer and the location of the company's property. The location of the real estate sold may be at a street address, section, block, or lot.

A corporate resolution is a written document created by the board of directors of a company detailing a binding corporate action. A board of directors is a group of people that act as a governing body on behalf of the shareholders of a company.

A corporate resolution generally involves major decisions such as the changing of ownership structure, voting in of new board members, or the sale of company shares. A corporate resolution is also generally used to authorize people to access corporate funds, sign checks and acquire loans on behalf of the corporation.

What should corporate resolutions include? Your corporation's name. Date, time and location of meeting. Statement of unanimous approval of resolution. Confirmation that the resolution was adopted at a regularly called meeting. Resolution. Statement authorizing officers to carry out the resolution.

In the event that a company decides to sell its property, it will require a corporate resolution to sell real estate. This is a straightforward document that cites the name of the buyer and the location of the company's property. The location of the real estate sold may be at a street address, section, block, or lot.

The Department of Real Estate's Complaint Resolution Program attempts to resolve disputes or minor issues between consumers and licensees or subdividers/developers before violations of real estate law may occur.

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Corporate Resolution To Sell Real Estate Without A License In Bexar