Corporate Resolution To Sell Real Estate Without A License In Fulton
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FAQ
Corporate resolutions are a legal necessity for corporations. Whenever your company makes a major decision, such as acquiring another business, selling a significant asset, or changing its leadership, a corporate resolution must document that decision.
Unlike corporations, LLCs don't need to file business resolutions with the state. Single-member LLCs (SMLLCs) can also use business resolutions, even though there is no chance of disagreement among the members.
Typically, corporations require these documents when an agreement between the owners and the board may enable business transactions and decisions.
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 resolution, on the other hand, describes one action taken by the board at a meeting, is prepared separately during the meeting, and is attested to by the secretary of the corporation before the president approves it.
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.
An LLC banking resolution is often one of the most necessary, as a business cannot generally create a bank account without one. Depending on the rules of the bank, you may be required to fill in an additional proprietary form before creating a business bank account.
In the context of a legislative practice, “resolution” is just a form in which a legislative body expresses an opinion or a purpose with respect to a given matter or topic that is temporary in nature. It denotes the adoption of a motion, the subject-matter of which does not constitute a statute.
Final answer: Generally, anyone seeking to sell real estate must hold a valid license. Exceptions exist including owners, attorneys, trustees, or executors of an estate. However, certain individuals including independent salespersons or office assistants are never allowed to sell real estate without a license.
