Corporate Resolution To Sell Real Estate Without A License In Travis

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

Description

The Corporate Resolution to Sell Real Estate Without a License in Travis is a formal document used by corporations to authorize the sale of real estate without requiring a licensed real estate broker. This resolution must be adopted by the shareholders and/or directors during a meeting, ensuring that all legal procedures are followed. Key features of the form include space for the specifics of the resolution, signatures from directors or shareholders, and a certification section from the Secretary, validating the resolution. Filling out the form requires clear identification of the corporation and involved parties as well as the details of the property being sold. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to comply with local real estate laws. Its utility lies in providing a clear approval process for corporate real estate transactions, thereby minimizing legal risks. Additionally, this resolution aids in maintaining proper corporate governance and record-keeping. By using this form, legal professionals can streamline the process of selling property on behalf of a corporation, ensuring all necessary authorizations are properly documented.

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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.

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 legal business document created and written by a board of directors that describes and declares major corporate decisions. This document may explain who is legally allowed to sign contracts, prepare assignments, sell real estate or determine other decisions related to business transactions.

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.

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.

The Corporate Resolution Document Has Several Purposes. It can also be used when new officers, directors or members are being added to or replacing current owners. It is a prerequisite to a Certificate of Incumbency. Unless we have a signed and notarized copy we will not be able to prepare this legal document.

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.

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Corporate Resolution To Sell Real Estate Without A License In Travis