Corporate Resolution To Sell Real Estate Without A Realtor In Virginia

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

Description

The Corporate Resolution to Sell Real Estate Without a Realtor in Virginia is a formal document that empowers a corporation to sell its real estate assets without employing a realtor. This resolution is essential for compliance and provides a clear record of the decision made by the corporation’s shareholders and/or directors during a designated meeting. Key features include a section for the substance of the resolution, signatures of involved parties, and a certification by the Secretary of the corporation, ensuring the legitimacy of the resolution. To fill it out, users must accurately complete the corporation’s name, the nature of the meeting, and the details of the resolution. This form is particularly useful for attorneys, partners, and owners seeking to streamline the sale process while minimizing brokerage fees. Paralegals and legal assistants benefit from having a standardized document to ensure compliance and clarity in the transaction process. Overall, this resolution supports efficient corporate decision-making in real estate transactions, protecting the interests of the corporation and its stakeholders.

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FAQ

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 (or “board resolution”) is a written legal document recording a decision made by the board of directors on behalf of the corporation. It is yet another vital business document for recordkeeping. Corporate stock certificates.

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.

You don't need to hire a realtor if you're selling commercial real estate off-market. Realtors will typically want to list your property on different marketplaces, which can take weeks or even months. You can sell your off-market commercial properties by contacting us today.

Meseck, the most common complaints involve: Septic systems. Solar leases. Failure to disclose and Seller's Property Disclosures. Water rights. Miscommunication. Agent-owned property and additional supervision. Multiple offers. Unpermitted work.

The Code of Virginia requires a written brokerage agreement when a brokerage relationship, as defined in § 54.1-2130, is created. When a customer becomes a client is based upon the party's intent.

Meseck, the most common complaints involve: Septic systems. Solar leases. Failure to disclose and Seller's Property Disclosures. Water rights. Miscommunication. Agent-owned property and additional supervision. Multiple offers. Unpermitted work.

Meseck, the most common complaints involve: Septic systems. Solar leases. Failure to disclose and Seller's Property Disclosures. Water rights. Miscommunication. Agent-owned property and additional supervision. Multiple offers. Unpermitted work.

Examples of corporate resolutions include the adoption of new bylaws, the approval of changes in the board members, determining what board members have access to certain finances, such as bank accounts, deciding upon mergers and acquisitions, and deciding executive compensation.

The title of the resolution must appropriately reflect the intent. Resolutions begin with "Whereas" statements, which provides the basic facts and reasons for the resolution, and conclude with "Resolved" statements which, identifies the specific proposal for the requestor's course of action.

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Corporate Resolution To Sell Real Estate Without A Realtor In Virginia